Separately Managed Accounts vs. Mutual Funds

With the release of Don Wilkinson's new book, "Stop Wasting Your Wealth in Mutual Funds," which touts the benefits of separately managed accounts (SMAs) over tradutional mutual funds, Chuck Jaffe, senior columnist for MarketWatch, pens a counter-point article published here at the San Francisco Chronicle's SFGate.com. He challenges Wilkinson's contention that SMAs are simply a better investment than funds, from a structure, cost and results standpoint. Jaffe concludes that "They [SMAs] are a different choice from funds, and can have very real benefits; the SMA industry needs to prove itself broadly, rather than simply ripping on the fund set."

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(May '04-Jun '05)