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Do you own a 'garbage-y' mutual fund? Here are the red flags to watch out for - TL;DR CNBC

Do you own a 'garbage-y' mutual fund? Here are the red flags to watch out for

Publishing timestamp: 2023-03-01 12:52:47


Summary

Christine Benz, director of personal finance and retirement planning at Morningstar, recently tweeted about the prevalence of "garbage-y" mutual funds on major brokerage platforms. She suggests that investors should look out for high fees, sales charges, and manager turnover when assessing a fund's performance. Additionally, investors should look beyond 1-, 3-, 5- and 10-year returns when evaluating a fund's performance. Morningstar's free tools can help investors assess a fund's performance over the long term.


Sentiment: NEUTRAL

Tickers: MORN

Keywords: morningstar inc

Source: https://www.cnbc.com/2023/03/01/mutual-fund-red-flags.html


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