Money – Protect and Grow

Author Russel Kinnel walks readers through the handful of key factors they need to pick winning funds. Armed with the quantitative data and qualitative research, they will gain the confidence to pick great funds for the long-term. This book will be accompanied by a web-based tool created by Morningstar, which will enable readers to evaluate their own funds using Kinnel’s criteria.

Written in a fun and accessible manner, The Fund Spy offers Kinnel’s unique insight as a 14-year Morningstar fund analyst. He speaks plainly about the conflicts that can go against investors’ interests, explaining how to avoid traps and push out the slick sales pitches facing today’s investors. He also offers several “10 lists,” which provide quick answers to investors’ most common questions (e.g., the Top 10 Funds to Recommend to Relatives, the 10 Best Contrarian Managers, the 10 Most Overrated Managers).

If you’re serious about picking the right investments for your portfolio, Fund Spy will put you on the right track.

Nobody is more familiar with mutual funds than author Russel Kinnel, the Director of Mutual Fund Research for Morningstar, Inc. and Editor of Morningstar® FundInvestor, a monthly newsletter for individual investors. He has spent over 15 years researching mutual funds and meeting with the people who manage them. Now, with Fund Spy, he offers unparalleled guidance that will sharpen your investing skills and help you find the best funds for your portfolio.

Filled with in-depth insights and expert advice, Fund Spy arms you with the information needed to intelligently screen and select a variety of funds. While both effective new strategies and time-tested techniques are outlined throughout this reliable resource, all of the methods here will help you avoid common mistakes and outperform the average investor.

Page by page, Fund Spy puts this process in perspective with detailed discussion of:

• How to find managers who invest millions of their own money in their funds

• Why fund expenses really matter

• Using a fund’s performance to understand its risk and reward profile, as well as its behavior in different types of markets

• How to find great fund managers and teams

• And much more

Combining quantitative data with qualitative research, Kinnel highlights key factors that drive fund performance and writes candidly about the industry’s conflicts of interest that can harm investors.

Don’t settle for high-cost, poorly run funds simply because they fell into your portfolio or someone is touting them. Follow the guidance found in Fund Spy and you’ll quickly discover what it takes to research and buy the right funds. Three months from now, you may not see a difference, but you will see a dramatic difference in five or 10 years, when the power of compounding has substantially grown your portfolio and put more money in your pocket.

Author Russel Kinnel walks readers through the handful of key factors they need to pick winning funds. Armed with the quantitative data and qualitative research, they will gain the confidence to pick great funds for the long-term. This book will be accompanied by a web-based tool created by Morningstar, which will enable readers to evaluate their own funds using Kinnel’s criteria.

Written in a fun and accessible manner, The Fund Spy offers Kinnel’s unique insight as a 14-year Morningstar fund analyst. He speaks plainly about the conflicts that can go against investors’ interests, explaining how to avoid traps and push out the slick sales pitches facing today’s investors. He also offers several “10 lists,” which provide quick answers to investors’ most common questions (e.g., the Top 10 Funds to Recommend to Relatives, the 10 Best Contrarian Managers, the 10 Most Overrated Managers).

If you’re serious about picking the right investments for your portfolio, Fund Spy will put you on the right track.

Nobody is more familiar with mutual funds than author Russel Kinnel, the Director of Mutual Fund Research for Morningstar, Inc. and Editor of Morningstar® FundInvestor, a monthly newsletter for individual investors. He has spent over 15 years researching mutual funds and meeting with the people who manage them. Now, with Fund Spy, he offers unparalleled guidance that will sharpen your investing skills and help you find the best funds for your portfolio.

Filled with in-depth insights and expert advice, Fund Spy arms you with the information needed to intelligently screen and select a variety of funds. While both effective new strategies and time-tested techniques are outlined throughout this reliable resource, all of the methods here will help you avoid common mistakes and outperform the average investor.

Page by page, Fund Spy puts this process in perspective with detailed discussion of:

• How to find managers who invest millions of their own money in their funds

• Why fund expenses really matter

• Using a fund’s performance to understand its risk and reward profile, as well as its behavior in different types of markets

• How to find great fund managers and teams

• And much more

Combining quantitative data with qualitative research, Kinnel highlights key factors that drive fund performance and writes candidly about the industry’s conflicts of interest that can harm investors.

Don’t settle for high-cost, poorly run funds simply because they fell into your portfolio or someone is touting them. Follow the guidance found in Fund Spy and you’ll quickly discover what it takes to research and buy the right funds. Three months from now, you may not see a difference, but you will see a dramatic difference in five or 10 years, when the power of compounding has substantially grown your portfolio and put more money in your pocket.

Written by a veteran financial planner, this guide uniquely covers the statistical and non-statistical issues involved in selecting and managing a balanced portfolio of mutual funds. It explains investment policy development techniques, explores all asset classes of mutual funds, and covers the critical issues of style analysis, data interpretation and style management.

solid Strategies for Strengthening Your Clients’ Accounts and Your Practice! “Ron Rutherford’s book…sets the stage for people who want to achieve investment success through hard work and dilligence. This book offers the framework for investors and consultants to follow, namely, the investment policy. Most importantly, as a Certified Investment Management Analyst, Mr. Rutherford believes the investment policy statement is to the consultant as the blueprint is to the contractor.” Evelyn L. Brust, CAE, Executive Director, Investment Managment, Consultatnts Association. “This is must reading for everyone offering financial advice. Ron combines a thorough undertanding of financial theory with years of experience in helping clients accomplish their goals. a rare combination…an excellent treatise.” Dr. Frank A. Sortino, Professor Emeritus, San Francisco State University. “Our company provides asset allocation software to about 15,000 investment advisors. This makes us very aware of the kinds of questions that practitioners have about portfolio design for private clients. Mr. Rutherford’s book hits the nail on the head…It’s the unavoidable stuff that advisors must know if they are going to provide the highest quality of investment advice.” Randal J. Moore, President, Frontier analytics, Inc. “Most of what has been written on investment management has been for the institutional investor. Ron Rutherford has effectively selected and translated these ivory tower missives to demonstrate how principles can be used by the advisor who implements strategy with mutual funds.” Donal B. Trone, Executive Director, Investment Management Council, Callan Associates. “Ron Rutherford’s The Complete Guide to Managing a Portfolio of Mutual Funds offers the first comprehensive overview of both the risks and the rewards pf ,utual fund portfolio assembly. As such, it may be the best guide yet for the way Americans invest today.” Don Phillips, President, Morningstar.