Top Five Largest Mutual Funds

Hank Ezell of the Cox News Service reports that "The five biggest mutual funds available to individuals contain an astonishing $323 billion, and the total keeps growing just about every month," in this article from the Star-Telegram. Ezell adds, "...there are several winning factors," and cites Russel Kinnel, director of mutual fund research for Morningstar who said, "You will see below-average expenses, high-quality management, diversified portfolios, and, of course, a long and generally successful track record." The five largest funds include two no-load funds, Vanguard 500 Index Fund (VFINX), and the Fidelity Contrafund (FCNTX) and three load funds from American Funds (Growth Fund of America, Investment Company of America, and Washington Mutual Fund).

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(May '04-Jun '05)