Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.
More Quotes from Russ Kinnel:
It's a very tame approach to growth, but in a way I kind of like that. A lot of funds got carried away with 60 percent, 70 percent in technology. This fund won't throw you.Russ Kinnel
A lot of funds have grown so much recently that even after the sell-off, they are unable to adapt their strategy to a greater asset base. Also, I don't see any big trends in terms of new funds. There's just not a lot of them coming out right now.
Russ Kinnel
All of these funds you could own for 10 or 20 years. With all of them, I have a fair amount of confidence that things will go well for a long time.
Russ Kinnel
It has the diversification of the whole U.S. market plus low costs, and those advantages will be here 10 years from now. You can buy it and forget about it.
Russ Kinnel
A lot of companies will make money off the Internet, but it seems too narrow for a fund format.
Russ Kinnel
I'm disappointed. He's been running money for a long time at Fidelity and he's running a core fund.
Russ Kinnel
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