The Best New Funds of 2007
There are some winners amid the dross.
The following first appeared in the Contrarian column of the December issue of Morningstar FundInvestor.
In the wake of the bear market, fund company executives swore off trendy fund launches that burned investors. However, some fund companies have gotten back in the business of shameless fund launches designed to ensnare the greedy and the naive. Although we and many others have been warning about the risks in real estate investment trusts for years, some fund companies couldn't help themselves as evidenced by the massive rollout of REIT funds in 2007.
The good news is that some good funds have been launched in this year, too. Most are dull and functional, but what's wrong with that? Here are a few of my favorites.
Russel Kinnel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.