Any fund that's heavy in technology has not done well. |
Funds close for two reasons. They've gotten too large or there's too much money flowing in. |
If I had no small caps, I'd want to have some. If I had no value, I'd want to have some. |
It's a fairly risky fund, but if you want to buy the stocks of the Nasdaq 100, that's a way to do it. |
Managers aren't doing the wrong things - the market has changed. I don't care how good a manager is - if the trend changes, he's going to look bad. |
Nobody ever wants to admit it. Investors should be aware of it. |
The larger fund groups all have research analysts. You can't just take what the company hands you. |
The numbers would have been a lot worse if it weren't for the turnaround in the last three months. The real losers of 2001 were big winners in the fourth quarter. |
These things tend to be done out of weakness. I would tend to think the odds are in favor of these moves. |
They're not going to grow as fast as Janus (funds) would because there's no marketing behind it. |