Did You Buy a Mutual Fund Lemon?
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The new "Mutual Fund Lemon List" shows you which mutual funds are costing investors money, plain and simple. Included are those funds that have underperformed their one-, three-, and five-year benchmarks.
How many funds are we talking about here? The total number of funds that made the Lemon List last quarter: 2,144! The total assets in these funds: more than $870,000,000,000!
That's not a misprint. $870 billion is currently languishing in these underperforming mutual funds. And I'd be willing to bet that you have at least some assets committed to these funds.
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