A Golden Oldie Fund That's Still Kickin'http://www.fool.com/investing/mutual-funds/2008/05/12/a-golden-oldie-fund-thats-still-kickin.aspx Zoe Van Schyndel, CFA
May 12, 2008
One of the oldest existing mutual funds has shown that it's not headed for the grave anytime soon. In fact, with a 38.5% return in 2007, this golden oldie has plenty of spunk left.
The CGM Mutual Fund (FUND: LOMMX ) was market-tested a few months after its inception by the Crash of 1929. Yet while its performance last year was spectacular, it wasn't a fluke. Investors looking for a balanced fund with a solid long-term record should take a hard look at CGM.