Investors Would Like These Closed Funds to Reopen
Morningstar.com's readers discuss which closed funds they'd like to own--and offer tips and tricks for getting into limited-access funds.
Actively managed funds are the Rodney Dangerfields of the investing world: They're getting no respect from investors. "We're really seeing an unprecedented level of outflows at actively managed funds," says Russ Kinnel, editor of Morningstar FundInvestor. In the latest issue, Kinnel notes that 17 funds in the Morningstar 500--a list of the best and largest mutual funds--suffered outflows of at least 50% of assets under management in the year ending Jan. 31; 80 funds on the list lost 25% or more of their assets over the same period.
As a result of these outflows, some once-closed funds with good long-term performance are reopening, including Silver-rated ASTON/Fairpointe Mid Cap (CHTTX), Bronze-rated Royce Premier (RYPRX), Gold-rated Royce Special Equity (RYSEX) and Silver-rated Artisan Global Value (ARTGX).
Susan Dziubinski has a position in the following securities mentioned above: POAGX, VPCCX. Find out about Morningstar’s editorial policies.