Over the years, mutual fund firms have come up with a wide range of funds focusing on specific investment ideas.
Remember the Golf Fund? How about the Death Fund? I removed the full fund names of these real funds to protect the guilty.
In a recent Morningstar article An Appealing Idea Does Not Necessarily Make for a Good Fund, the Chicago firm takes a look at some unique story funds and how they fared. Then it reminds investors to focus on an experienced management team, a logical strategy, and a reasonable price.
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