Mutual Funds in the News
(USA Today) — Earning their money by managing yours? If you suspect that your mutual fund manager might just be tracking an index instead of, you know, actively managing, a new site, http://www.fundanalyze.com, will help confirm your suspicions. Created by fund expert Max Rottersman, the site takes advantage of a statistical measure calledr-squared, which shows how closely correlated a fund is to a benchmark index, such as the Standard & Poor’s 500. It also shows how much you might save if you simply bought an index fund that tracks the one most similar to your actively managed fund.