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April 5, 2007, 2:40 p.m. EDT

Mutual funds you can stick with

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By MarketWatch

BOSTON (MarketWatch) -- Christopher Davis, mutual funds analyst at Morningstar Inc., says that while management departures and sudden changes are enough to make investors avoid or sell some funds, replacing one star with another should be no reason for concern.

That's why he's sticking with First Eagle Overseas /zigman2/quotes/209014684/realtime SGOVX -1.49% , where Jean-Marie Eveillard has come back to the fund after the recent exit of his former co-manager. Read more.

In addition to putting a buy on Eveillard's fund, Davis -- speaking in a radio interview with Chuck Jaffe, MarketWatch senior columnist -- suggested the T. Rowe Price Spectrum Growth fund /zigman2/quotes/202754146/realtime PRSGX -0.27% as an outstanding pick for new and beginning investors and is a big fan of Schneider Value .

Davis also liked the Amana Growth fund /zigman2/quotes/207209424/realtime AMAGX +0.48% . But he suggested that the higher costs the fund endures so that it can screen investments to be in line with Islamic principles make it a proper choice only for people who specifically want to invest by those beliefs.

Listen to the highlights of 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 .

US : U.S.: Nasdaq
$ 22.45
-0.34 -1.49%
Volume: 0.00
July 5, 2022
US : U.S.: Nasdaq
$ 21.95
-0.06 -0.27%
Volume: 0.00
July 5, 2022
US : U.S.: Nasdaq
$ 56.50
+0.27 +0.48%
Volume: 0.00
July 5, 2022

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