#5 – U.S. Growth (VWUSX)
| Despite the addition of what I believe is competent management in William Blair & Co., U.S. Growth (VWUSX) remains a turkey, burdened in part by the ham-handed stock picking at AllianceBernstein, which took over management in June 2001 and still runs almost 70% of the fund’s assets. Consider that the fund, which once had $22 billion in assets, has less than $4 billion now.
I’d love to be able to recommend this fund, because its minimum is just $3,000 and there are no extra fees or loads burdening shareholders. But so far there’s no reason to. If you want a well-rounded, diversified large-cap growth fund, use Growth Index or Social Index, or consider a step up to a fund run by the team at PRIMECAP Management. But stay away from this has-been. |
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