Matthew 25 (MXXVX)
Nasdaq - Nasdaq Delayed Price. Currency in USD
- Reuters•2 years ago
Investors have been flocking to highly concentrated stock mutual funds in the hope that more daring bets will produce bigger returns, but it hasn't worked out that way. So-called concentrated mutual funds - those that hold fewer than 30 stocks and are by nature risky - are growing far faster than other types of actively managed funds. Over the five years to December 2013, the assets invested in concentrated funds jumped from $44.5 billion to approximately $117 billion, according to data from fund tracker Morningstar, a growth rate 67 percent greater than actively managed funds as a whole. The move to riskier funds may come, ironically, as a side effect of the growing popularity of passive index funds that only track market benchmarks.
- Morningstar•2 years ago
On the fifth anniversary of the current bull market, we look at large-cap funds that have outperformed and that have P/E ratios lower than the market average.
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