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|Subject: Re: Fidelity ?||Date: 1/2/2005 3:59 PM|
|Author: pauleckler||Number: 43825 of 77093|
The paper is the NJ (Newark) Star-Ledger. It is supposedly fully on line to subscribers, but most of it is on nj.com. Try here--
The listing is titled "How to Read our Year-End Mutuals". Its source is not indicated, although I presume most of their financial content comes from wire services. Star-Ledger is a Newhouse paper.
Of course, now we know the S&P return for the year is 9%--not bad compared to the 11% considered typical. But I know friends reporting 25% returns. So good managed funds did well, but index funds were average.
Both Vanguard and T Rowe Price did quite well. Most of theirs are ranked 1 or 2.
For index funds, there is little margin for error. So sure, low costs are essential to be a top rated fund. For managed funds, the potential range is much wider.
Fidelity's bond funds did OK, but most of the others were also rans.
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