Any fund that's heavy in technology has not done well.
Funds close for two reasons. They've gotten too large or there's too much money flowing in.
If I had no small caps, I'd want to have some. If I had no value, I'd want to have some.
They're not going to grow as fast as Janus (funds) would because there's no marketing behind it.
Managers aren't doing the wrong things - the market has changed. I don't care how good a manager is - if the trend changes, he's going to look bad.
Nobody ever wants to admit it. Investors should be aware of it.
It's a fairly risky fund, but if you want to buy the stocks of the Nasdaq 100, that's a way to do it.
The numbers would have been a lot worse if it weren't for the turnaround in the last three months. The real losers of 2001 were big winners in the fourth quarter.
The larger fund groups all have research analysts. You can't just take what the company hands you.
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