Doug Fabian, president of
Mutual funds on the ‘lemon list’ are not just from obscure fund families, Fabian said. Rather, they include funds from names like
“With the new ‘lemon list’ website, investors can instantly see if their fund’s performance is sour when compared to other funds with similar objectives,” Fabian said. “If you find you’ve got sour lemons in your portfolio, you need to take steps to sweeten up your returns.”
The financial adviser also published the list of the 10 largest “lemon funds” in terms of asset size. They are: Templeton Growth, Vanguard European Stock Index, Fidelity Growth & Income, T. Rowe Price Equity, Fidelity Blue Chip Growth, Fidelity Dividend Growth, American Funds New World, Putnam Growth & Income, Legg Mason Value and Vanguard Pacific Stock Index.
Fabian began publishing his ‘lemon list’ in 1998.