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Globe Investor

Number Cruncher

Stock screens for investment ideas from professional investors. Exclusive to subscribers of Globe Unlimited.

Funds that felt the hardest blows yesterday Add to ...

WHAT ARE WE LOOKING FOR? Investors pay fees to mutual fund managers for one reason: To do better than a benchmark. Otherwise, investors are better off owning exchange-traded funds. Outperforming for a mutual fund can come when markets are doing well. But it can also mean preserving assets when markets are imploding. Today we'll look for mutual funds that lost the most yesterday and may not be earning their fees. MORE ABOUT TODAY'S SCREEN We'll use Globefund.com for this screen. We'll open it up to all asset classes except ETFs and limit it to funds with more than $50-million in assets. WHAT TO DO NEXT This is a good time to really test if you want to own a mutual fund. If your fund is one of the losers on the list today, do more research and check how it has done against its appropriate benchmark over the past few months and over the past few years. If your fund is still outperforming, then you should consider keeping it if you're happy with being invested in that asset class. If it is underperforming its benchmark, now is a great time to start looking for a fund that can do better.

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