Look, but don't touch

Adrienne Carter

In a number of recent entries, I've railed against mutual fund companies for letting funds get too big. The case in point: Fidelity's Contrafund. Now, for investors in such funds, the asset-bloat is not necessarily a reason to run for the door. But you do need to keep an eye on the fund to see if returns drag or the manager changes strategy. Investors looking for a place to put some new cash, however, such asset bloat should be a major red flag.

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