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Fund Spy

A Closed Fund Watchlist

For contrarians only.

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A fund closing to new investors is rarely a permanent move. Eventually the fund will face enough outflows to prompt it to reopen. That's often a wonderful contrarian buying opportunity. If you only like funds with hot three-year returns, avert your eyes because hot funds don't reopen.

Every once in a while a fund will be closed for so long that it needs to reopen because its existing shareholder base is in redemption mode. More often than an aging shareholder base, the cause is a slump in performance. So, you've got to be a bit of a contrarian to hop on the reopening. I've selected six Morningstar Medalists that are good bets to reopen in the next couple of years. So, add the ones you like to your watchlist, and they might become available.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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