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Article: Yacktman's dilemma: How to regain respect.
- Article from:
- Investment News
- Article date:
- June 4, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Time bears out stubborn manager's value style
Donald Yacktman can't win for losing.
Investors fled the vaunted Chicago value manager's flagship Yacktman Fund when the Nasdaq Composite Index was soaring.
But now that it's crashed and he's king of the hill again, investors are still ignoring him.
The fund's one-year trailing return of 31.28% as of May 29 was good enough to place it within the top 1% of its mid-cap-blend category, according to Morningstar Inc. in Chicago.
Its year-to-date return of 6.22% was good enough to place it in the top 16%.
With those numbers, you'd think investors would be flocking to his fund.