different in some way. Some are high risk and some are
low risk. Some are high capitalization, some moderate and
some small. Some invest in bonds and some have a mix of
stocks and bonds. Then there is internation investments and
sector plays. The skill of the fund manager and his team will
determine how well the fund will do.
Look at it like this...
Mutual fund managers are "the market" so to speak. So when evaluating their performance some will be
average, some will be outperform and some will underperform.
The difference between managers is that some are just more knowledgeable in picking stocks and do a much better job. I don't think there is some top secret feature or technology.
You want to invest in a mutual fund with the best manager who has shown over the long term he is better then everyone else.
You might indeed get funds that have the same stated criteria for what they invest in. But the fund managers will be different people with different ideas, and they won't necessarily buy the same shares. So the funds will perform differently.
There are thousands and they are all totally different. You will need to get the literature on each of them to see the differences. Alternatively speak to each of the fund managers.
Are there features that some investment managers have in their funds that other's don't? I thought all funds of the same category were pretty much the same in terms of features?
