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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (24408)2/25/2005 1:03:17 PM
From: Jim McMannis  Read Replies (3) of 116555
 
I would like to present this years "DOM FOCKER" AWARD (you had to see the movie meetthefockers.com ) to the American Century Mutaul fund group. americancentury.com

American Century in their infinite wisdom, overrode the vote of it's shareholders and dissolved their "Global Natural Resources Fund" 11 months ago and even returned the money in form of a check to it's shareholders. They cited the reason as the fund isn't performing...never mind it was one of the few funds they offer that was even with the Y2K.

You can only imagine how it would have performed over the last 11 months. Similar funds are up as much as 60-70% over the same time period.
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