Good Parents Make For Good Offspring

摘要

WE'RE USUALLY pretty skeptical when it conies to new funds, and for good reason. For starters, without a track record it's hard to know whether a fund's strategy can be successfully executed. Then there's the perennial issue of fees; small funds can incur big administrative costs and the corresponding high fees charged to investors that won't be lowered until assets rise. But sometimes there's a happy confluence of characteristics - a seasoned manager, a fund shop with a proven investing strategy - that changes our view. Of the 500 new funds launched in the past year or so, we've found five worth your attention. True, most are a little pricier than the funds we usually favor, but each of these fund companies typically offers funds with lower-than-average expense ratios and will likely lower the fees on its new funds once assets begin to grow.