The mutual fund industry, like any other, is susceptible to marketing gimmicks. When making financial decisions, checking the labels is important, but it's not always enough. Even star mutual fund managers have rough years like the last twelve months. But these well-known pros have generally delivered shining returns over the long term. Press Aggressive publicity can turn sour, making superstar fund managers look all too human when they fail.
Some mutual funds are too exclusive.
But these five positively welcome the wealthy. Most mutual funds do worse than average over time due to fees and expenses. Make sure you understand how much those costs can vary before you invest. All rights reserved.