"If past performance is any indication of future returns, it’s not surprising that investors…"

Tuesday, January 17th, 2012 at 9:30 am

“If past performance is any indication of future returns, it’s not surprising that investors are skeptical of the mutual fund industry. In the past five years, more than two-thirds of the 5,000-plus funds followed by Morningstar have done worse than the underlying stock and bond indexes they’re supposed to beat, or at least track. That sorry performance has left millions of people fuming and frustrated — to the point where investors have yanked $340 billion out of stock funds since January 2008.”

The Top 100 Mutual Funds – SmartMoney.com