The director of research at Morningstar has advised investors to sell four mutual funds in a weekly "Fund Spy" column.

Saying that informed fund selling and buying decisions start with information like year-to-date performance and analyzing expense ratios, Russel Kinnel, director of research at Morningstar, said the Gabelli ABC, Phoenix-Engemann Balanced Return, ING Emerging Countries and Strong Balanced funds should be given the "heave ho."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.