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More About This Title Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform
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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).
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Russel Kinnel is Director of Mutual Fund Research for Morningstar and Editor of Morningstar FundInvestor, a monthly newsletter for individual investors. He also oversees Morningstar's Fund Analyst Picks and Pans and writes the "Fund Spy" column for Morningstar.com. He joined the company in 1994 and holds a bachelor's degree in economics and journalism from the University of Wisconsin–Madison.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 290,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 18 countries and minority ownership positions in companies based in three other countries.
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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
