Joshua Brown, who runs a great blog at www.thereformedbroker.com, has decoded the various categories of mutual funds, after 14 years of observation. Here is his interpretation of what a fund brochure says and what it means. He has asked investors to use this as a guide to evaluate funds.
Ultra Funds: Leveraged to the hilt.
Global Growth Funds: Fund managers chase stocks in markets...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam