Spotting "Style Creep"
If you own shares in Legg Mason Value Trust, you probably aren't complaining. After all, the mutual fund has beaten 99% of its peers over the past five years in total return. But if high-flying technology stocks continue to slide, you may feel some pain. Why? Although the fund has "value" in its name, it also owns several high-octane stocks more commonly found in growth-style portfolios, including AOL, IBM, and Dell Computer.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.