Two Young Funds Struggle to Get Noticed
Sometimes a manager's track record isn't enough to draw a crowd.
With thousands of mutual funds already on the market, along with an ever-growing universe of exchange-traded funds and other choices, perhaps it isn't surprising that new mutual funds can find it difficult to raise assets. But in some cases, it's a bit surprising just how hard it can be. Some of the new funds being ignored might be worth keeping an eye on.
TCW International Small Cap (TGICX) came out in March 2011, and Seafarer Overseas Growth and Income (SFGIX) launched this past February. Both are run by managers who built impressive records elsewhere, and the TCW offering comes from an established fund company well-known to advisors.
Gregg Wolper does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.