No, Flexible-Stock Funds Are Not Better
Quite the opposite.
Bait and Switch
This past weekend, The Wall Street Journal wrote that "mutual funds rally by not sticking to a style." The word "rally" caught my attention, quite sharply, as the stock market has mostly behaved otherwise, but it turns out that the Journal did not intend its headline literally. The article’s actual argument was that some flexible-stock funds are very good. All right, that FPA Crescent (FPACX) is very good.
John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.