Russel Kinnel in a Fund Spy column asks the question: Where did all the momentum funds go? During the Internet boom they dominated the lists of top performing fund charts. Today they are fewer in number and somewhat chastened. Kinnel notes their downside, but highlights a few fund families and their momentum methodologies.

One fund winner that is decidedly not a momentum fund is the Fidelity Leveraged Company Stock Fund (FLVCX). Bill Donoghue at thinks this fund could become Fidelity’s new flagship fund. Through a focus on sector rotation and levered stocks this fund has put up some outstanding returns.

Linda Stern at Reuters notes that a number of mutual fund investors who hold their funds in taxable accounts are going to be in for a shock this year. Despite mediocre returns a number of funds are planning large capital gains distributions. Stern provides some advice including focusing on ETFs for future investments.

Not only are open-end mutual funds taking a hit relative to ETFs, but it seems that close-end funds (CEFs) are as well. Gregg Greenberg at notes that CEF discounts are on the rise. While there is a passel of reasons for the disinterest in CEFs, the rise of ETFs has taken a toll on the closed-end fund world.

As they say the only winner in a war are the arms dealers. Jon D. Markman in notes that Morningstar (MORN) provides investment research to a range of end-users. A strong balance sheet, rapid earnings growth and the fundamental push from participation in the Global Research Analyst Settlement have generated strong returns for Morningstar, despite little analyst coverage. However, according to Markman, the stock has already reflects much of this good news.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.