Monday, June 16, 2008
Does Your Mutual Fund Manager Eat His Own Cooking?
Morningstar has released data, for the top 500 mutual funds it covers, on how much each fund manager invested in his or her fund. The data are here.
The data can be disheartening. In U.S.-stock funds, 47% report no manager ownership.
If the manager of a mutual fund does not feel strongly enough to invest his or her own money in the fund, why should anyone else?
The data can be disheartening. In U.S.-stock funds, 47% report no manager ownership.
If the manager of a mutual fund does not feel strongly enough to invest his or her own money in the fund, why should anyone else?
Stumble It!