Doug Fabian, president of Fabian Wealth Strategies, has, once again, released his “lemon list” of poorly performing funds that underperform their category averages not just over a period of one years, but also three and five years. Of the 8,500 funds in the database, 2,244 failed to make the grade.
“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.