Decoding Fund Brochures (Reprise)

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Hey all, Memorial Day Weekend has begun a bit early for me as I spend the morning wrapping up some loose ends for my practice before heading out.  This morning’s linkfest is live here:

The Good Leads (Wall Street Journal)

…and below is a classic post from a while back you may have missed.

Enjoy!

***

Decoding Fund Brochures

(originally appeared December 2009)

 

Fund Brochure Says… What It Really Means…
Ultra Leveraged to the Hilt
Global Growth We’ll Chase Stocks For You in Whichever Country is Most Overheated Right Now
Clean/ Green A Basket of Government-Subsidized Experiments and Some Shares of GE
Deep Value We Will Invest in Sewing Machine and Typewriter Companies
Premium We Will Pay Up for High-Multiple Stocks/ You Will Pay Up in Fees
Socially Responsible No Such Thing – All Corporations are Evil, Sucker
Diversified We Will Basically Buy the Index and Go Golfing
Enhanced Uses Exotic Derivatives You’ve Never Heard Of
Balanced We Will Underperform Both the Bond AND the Stock Market. You’re Welcome.
Aggressive Growth Collection of Chinese Online Gaming Stocks and New Jersey Biotech Startups
Lifecycle We Can See 20 Years Into the Future, Only Putnam Knows When and How You Will Die
Moderate Allocation Gutless Fund Manager
Quantitative Manager Will Take Credit for Up Years, Blame Computers for Down Years
Endeavor/ Opportunities We Will Throw Darts
Core No Need to Spread it Out, Send Us Everything You Have

 

I’ve been reading these things for 14 years, I think I finally got the hang of it. Feel free to use this as a reference guide during your next mutual, exchange traded or closed end fund selection.

 

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