Favoring a long-term, diversified approach, the team looked for consistency in returns based on a fund s peer group, low expenses and sound investment strategies. Several mutual funds that lost money in 1999 were included on the list. The answer, in a word, was balance. The reporters emphasized the importance of building a diversified portfolio and not chasing the latest hot sector or style. The funds selected, according to the team, exhibited the factors most likely to lead to long-term investment success, such as a consistent management style, low expenses and a sound investment strategy.
Past performance is no guarantee of future results.
It should be read carefully before investing or sending money. RE Investment Corporation, distributor. In this article, Lauren Young and Arthur Chung screened Morningstar's database of 2,586 domestic equity funds to find the offerings that recorded above average annual returns in their peer group for the past three years. Homestead Value Fund was ranked second out of 11 midcap funds, and third overall of the 26 funds selected. Past performance is no guarantee of future results.