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Rekenthaler Report

With Specialty Funds, Bigger Has Been Better

The leading funds have compensated for the group’s overall struggles

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At First Glance

I have long distrusted specialized equity funds, which emphasize a single industry or investment theme. Such funds tend to be launched by marketing departments, rather than by portfolio managers. In the words of Morningstar’s Ben Johnson, companies that offer specialty funds can relate “differentiated narratives.”

John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.