The top-selling funds of 2006 were among the best choices, writes
In point of fact, they predominantly put their money into well-diversified, low-cost funds, Kinnel says.
The No. 1 top seller is
Three other funds from American were also best-sellers: the Capital World Growth & Income, Capital Income Builder and EuroPacific Growth funds. Again, Kinnel notes how broadly diversified these funds are.
His “favorite” fund on the list? The Dodge & Cox International Stock Fund. “Dodge has great management, is an outstanding steward of investors’ capital and delivers low expenses,” Kinnel writes.
Though it be “boring,” the Vanguard Total Stock Market Index Fund “is quite effective at getting investors to their goals,” he says.
The other top-selling funds Kinnel likes are the Fidelity Diversified International, Fidelity Low-Priced Stock, PIMCO Total Return, American Funds Fundamental Investors and Davis New York Venture funds.