2007-01-16 03:42:39 · 3 answers · asked by gt3571a 1 in Business & Finance ➔ Investing
This is the Vice Fund. It invests in Mid Cap Blend. The fund is very small (less than $100 million total invested). It has performed well during the recent bull market, but the manager has been running the fund for less than 1 year and there is no track record of how the fund performs when times are rough.
If new money starts to flow strongly into the fund, the manager might not have enough good ideas to know how to invest it. I would recommend staying away and put your money in an investment with a strong long term track record.
2007-01-16 03:51:32 · answer #1 · answered by MR MONEY 3 · 0⤊ 0⤋
You can generally get a pretty good idea if the fund is a good fund to invest in by looking at its holdings. If you think tobacco stocks and gaming stocks are good investments, then you should like this fund just fine. Its expense ratio is much higher than what is considered average for a mutual fund. The track record is good. The minimum investment amount is a little high, but if it continues with its eviable record, what the heck.
As one of your responders pointed out, it does have a new manager; it does not require a great deal of management knowhow to buy tobacco and gaming stocks.
2007-01-16 13:24:53 · answer #2 · answered by Anonymous · 2⤊ 0⤋
yes
2007-01-16 11:51:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋