Three perennial GOs remain GOs this month along with Honor Roll distinction: Vanguard Wellesley Income (VWINX), Vanguard Wellington Balanced (VWELX), and Vanguard PRIMECAP (VPMCX).   The past 12 months, they’ve each delivered top quintile excess returns. They are also among the highest AUM funds in their respective categories. So much for scale eating returns, in …

Continue reading “Surprise, Up 10% Plus Past Year”

I continue to marvel at results of Fund Family Scorecard, which went live on the premium site last week.   How do poor performing fund management companies persist? Could be that absolute return is not a concern, that it’s all about risk adjusted return. Could be that some of the funds did well initially, then …

Continue reading “3 Bottom Fund Families Each with $1B AUM”

It was a tough month for equity funds.   Here’s quick summary table showing average fund total return for January, organized by SubType …  

Below is a simple table summarizing performance for year, organized by SubType and Category … showing Peer Count and Total Return Averages.   Results are computed from our Lipper database month ending December 2015, excludes money market funds. Funds at least one year old. Oldest share class only, includes max front load, if applicable.