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Merrill Lynch Mutual Funds Underperform
Several of Merrill Lynch's largest mutual funds lagged far behind competitors last year.
ML Growth lost 28% of its value and was ranked the worst mutual fund among its peers.
ML Corp. High Income lost 3.7% and was ranked in the bottom fifth of its peers.
ML Capital (a balanced fund) returned a scant 5.1%, placing it near the bottom of the pack.
ML Basic Value returned 11.7%, earning it a rank of 72 on a scale of 1 to 100 with 100 being the worst.
Source: On Wall Street, January 29, 1999
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
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