Word: kinnell
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...term track record, do you really want to be hopping in at a time when recent performance has been dismal and other investors are headed for the door? "To get into some the best funds, you often have to do it when things aren't going great," says Russ Kinnel, director of fund research at the investment analysis shop Morningstar. "Virtually all of these funds have lost money since they reopened. You can't argue it's some magical low point...
...also worth asking what sort of effect redemptions are having on the fund itself. Funds that buy and sell the stocks of large companies should have a fairly easy time getting out of positions, says Kinnel, but funds that focus on less-liquid sectors can wind up in a vicious cycle of having to sell holdings at fire-sale prices. There are a number of reopening high-yield bond funds; those might be worth staying away from for the moment. (Read about Hedge Funds: How the Smart Money Looked Dumb...
With so many to choose from, picking an SRI that's in line with your values can be tricky. "There is no universal standard for what socially responsible really means," says Russel Kinnel, Morningstar's director of fund research. The Natural Capital Institute, a Bay Area research group, reported last year that some SRI funds invested in weaponmakers like Raytheon and in tobacco businesses like Altria (formerly Philip Morris). Says Kinnel: "Read your prospectus' fine print." It's also a good idea to think of SRIs as long-term investments. Why? Since they're typically underrepresented in oil and other...
...into their portfolios, that has always been a good idea--to get a sense of what the fund manager likes to own. Yet with the typical stock-fund-turnover rate of 105%, that information gets stale fast. "There's no substitute for proven management and low expenses," argues Russ Kinnel, director of research at fund tracker Morningstar...
...least a month's notice and a voting-proxy statement. (Laws in the state where a fund is chartered determine what a vote outcome must be for a merger to take place.) "You may decide you don't want someone else picking your fund for you," says Russ Kinnel, research director at the fund-tracking firm Morningstar. But don't bail out of a fund before considering the following...