Monday, January 05, 2009

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Autopilot Managed Gr (AUTOX) Category:   Long-Short Status:   Open to new investors Current Recommendation: NewBuy Pevious Recommendation: NewBuy Reason (last updated on 9/12/2008): This is a lower volatility fund long-short fund with good performance. During the Oct'07-Sep'08 bear marke, its worst case drop was less than 10% from its Dec'07 high. In the current market drop also it is faring much better. It is still 2.2% above March lows. It is up 3.3% over last one year, compared to S&P loss of -18% over last one year. It is a no load NTF fund available at Fidelity and Schwab. It has a mimimum initial purchase of $10,000 for taxable accounts and $4,000 for IRAs. We are purchasing it at Schwab because of lower short term redemption fee. Yahoo Financial Chart, click here Morningstar Profile, click here Subscribe to email alerts for this mutual fund