Bulletin
Investor Alert

March 8, 2007, 9:34 a.m. EST

Fund buyers shouldn't stop at the stars

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Harbor International Fund;Institutional (HAINX)
  • X
    T Rowe Price Global Stock Fund (PRGSX)
  • X
    Harbor International Growth Fund;Investor (HIIGX)

or Cancel Already have a watchlist? Log In

By MarketWatch

BOSTON (MarketWatch) -- Christine Benz, director of mutual fund analysis at Morningstar Inc., suggests that investors look past her firm's star ratings in choosing a fund, noting that the ratings are a starting point, not a buy recommendation.

That kind of thinking is why some funds that get high ratings are not the right place to put your money and why investors should focus more on the skills of the manager and the conditions in the fund rather than on the mathematical evaluation when deciding which funds to buy.

In a radio interview with MarketWatch senior columnist Chuck Jaffe, Benz put buy recommendations on Harbor International /zigman2/quotes/206708953/realtime HAINX -0.53% , T. Rowe Price Global Stock /zigman2/quotes/200134866/realtime PRGSX -0.95% , Harbor International Growth /zigman2/quotes/200319905/realtime HIIGX -2.10% , Dodge & Cox Income /zigman2/quotes/205671106/realtime DODIX 0.00% , FPA New Income /zigman2/quotes/207255469/realtime FPNIX -0.20% and Oakmark Select I /zigman2/quotes/207233272/realtime OAKLX -0.36% . She tagged Van Eck Global Hard Assets /zigman2/quotes/205107182/realtime GHACX -0.92% as a sell.

In another interview, Charles Rotblut, senior market analyst for Zacks.com, made 51Jobs /zigman2/quotes/206279518/composite JOBS +0.52% his top pick but was bearish on Hewitt Associates .

Listen to the highlights from Your Money with Chuck Jaffe.

Jaffe's radio interviews feature reviews of stocks and mutual funds suggested by MarketWatch readers. To request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe .

/zigman2/quotes/206708953/realtime
US : U.S.: Nasdaq
$ 44.95
-0.24 -0.53%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/200134866/realtime
US : U.S.: Nasdaq
$ 56.37
-0.54 -0.95%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/200319905/realtime
US : U.S.: Nasdaq
$ 17.73
-0.38 -2.10%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/205671106/realtime
US : U.S.: Nasdaq
$ 13.78
0.00 0.00%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/207255469/realtime
US : U.S.: Nasdaq
$ 9.93
-0.02 -0.20%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/207233272/realtime
US : U.S.: Nasdaq
$ 60.75
-0.22 -0.36%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/205107182/realtime
US : U.S.: Nasdaq
$ 32.26
-0.30 -0.92%
Volume: 0.00
Jan. 27, 2022
loading...
/zigman2/quotes/206279518/composite
US : U.S.: Nasdaq
$ 49.84
+0.26 +0.52%
Volume: 209,024
Jan. 27, 2022 4:00p
P/E Ratio
35.51
Dividend Yield
N/A
Market Cap
$3.34 billion
Rev. per Employee
$73,350
loading...

This Story has 0 Comments
Be the first to comment
More News In
Personal Finance

Story Conversation

Commenting FAQs »

Rates »

Partner Center

Link to MarketWatch's Slice.