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Fund Spy
Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform
Russel Kinnel (Author), Don Phillips (Foreword by)
9781119110064, Wiley
Paperback / softback, published 1 May 2015
192 pages
1 x 1 x 1 cm, 0.454 kg
Author Russel Kinnel walks readers through the handful of key factors they need to pick winning funds. Armed with the quantitative data and qualitative research, they will gain the confidence to pick great funds for the long-term. This book will be accompanied by a web-based tool created by Morningstar, which will enable readers to evaluate their own funds using Kinnel's criteria. Written in a fun and accessible manner, The Fund Spy offers Kinnel's unique insight as a 14-year Morningstar fund analyst. He speaks plainly about the conflicts that can go against investors' interests, explaining how to avoid traps and push out the slick sales pitches facing today's investors. He also offers several "10 lists," which provide quick answers to investors' most common questions (e.g., the Top 10 Funds to Recommend to Relatives, the 10 Best Contrarian Managers, the 10 Most Overrated Managers).
Foreword ix Preface xi Acknowledgments xv Chapter 1: The Remarkable Gap Between Winners and Losers 1 Chapter 2: Does Your Manager Eat His Own Cooking? 9 Chapter 3: New Trading Cost Estimates Shed Light on a Big Mystery 17 Chapter 4: The Power of Expense Ratios Is Greater Than You Think 25 Chapter 5: How to Use Total Returns Wisely 35 Chapter 6: Understanding Mutual Fund Strategies and Fundamental Risk 45 Chapter 7: How to Find Good Managers and Avoid the Dodgy Ones 69 Chapter 8: The Inside Scoop on No-Load Fund Companies 77 Chapter 9: The Inside Scoop on Broker-Sold Fund Companies 99 Chapter 10: Twenty Great Funds That Passed My Test 111 Appendix A: The Best of Eleven Years of Fund Spies 121 Appendix B: Vital Statistics on the 20 Funds That Passed Our Test 153 Glossary 157 About the Author 169 Index 171
Subject Areas: Finance & accounting [KF]
