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

Saying that informed fund selling and buying decisions start with information like year-to-date performance and analyzing expense ratios, Russell 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."

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