Outsized performance of mutual-fund company stocks could be facing challenges, says the WSJ, but the history of these investments sure has been rewarding.
The Best Investment Money Can Buy: Mutual-Fund Stocks
By Sam Mamudi
Maybe mutual fund companies are right: the best thing you can do as an investor is put your money with them. Except rather than invest in their funds, the smartest decision over the past 25 years would have been to buy their stock.
With many fund companies reporting strong inflows of new money and rising profits, it’s noticeable just how great a business model mutual-fund management is for fund companies, if not their shareholders.
Looking back from the latest quarter to the second quarter of 1986, shares of fund companies dramatically outperformed almost all other stocks as well as their own funds.
Continued at WSJ Blogs…
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