Monday, May 31, 2010

Don’t Fall for This Fund Industry Trick - CBS MoneyWatch.com

Don’t Fall for This Fund Industry Trick - CBS MoneyWatch.com: "So how do they plan to accomplish this? By hiring more analysts? Shuffling their managers? Futile as those efforts might ultimately prove, they might be what an owner of Wells Fargo funds might expect. But no, that’s not the strategy Wells Fargo is adopting. Rather, the method they’re using is quite simple and effective: they’re killing off their underperforming funds."


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