Business Services Industry
Consumer Reports' Stock Fund Forecasts Offers Wide Range of Possibilites.
Knight Ridder/Tribune Business News, February, 2003
By Harriet Johnson Brackey, The Miami Herald Knight Ridder/Tribune Business News
Feb. 11--Consumer Reports has gotten into the business of predicting how much money investors can expect to make in select mutual funds. But even this tool may not help you pick a winner.
Its widely-read annual report on funds, which hits newsstands today, includes forecasts such as $10,000 invested in the T. Rowe Price Mid-Cap Growth Fund will likely be worth $8,700 to $50,400 at the end of 10 years.
The numbers come from Financial Engines, a Palo Alto, Calif., investment advisory firm that uses large-scale market simulations to produce its forecasts. The firm was founded by Nobel-prize winning economist William Sharpe.
"We thought it would be...
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