They do not know where a mutual fund manager is taking his portfolio at any given moment.
Heck, so do most mutual fund managers, which is why they can't beat the market either.
Three years ago, only 11 percent of mutual fund managers beat the index.
Some bought, and fewer sold than mutual fund managers may have expected.
Over all, for mutual fund managers the first three months of 1991 were wonderful.
He became a successful mutual fund manager, and a millionaire.
More recently they asked mutual fund managers to do the picking for them.
The other important factor relates to the behavior of mutual fund managers.
Let a mutual fund manager handle the details of what stocks to own.
Analysts and mutual fund managers say investors can still make money.