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Which Fund Companies Are Really Thinking Long Term?





Morningstar conducted an interesting yet revealing exercise by calculating the weighted turnover by fund companies. Kudos to David Funds, Dodge & Cox and American Funds, who are clearly displaying long-term mentality in investing style.

From Morningstar:

Davis Funds 6.71%
Dodge & Cox 12.00%
American Funds 19.08%
Dimensional Investment Group 19.34%
Vanguard 19.99%
Franklin Templeton Investments 25.82%
T. Rowe Price 27.12%
Legg Mason Partners 34.58%
Columbia 35.86%
JP Morgan 47.56%
Lord Abbett 49.05%
Van Kampen 50.18%
Aim Investments 53.62%
Fidelity Investments 58.62%
Janus 59.89%
MFS 66.39%
Hartford Mutual Funds 74.38%
Putnam 74.60%
OppenheimerFunds 80.37%
American Century Investments 93.49%

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