The Fantastic 43

Morningstar's Director of Mutual Fund Research Russel Kinnel has released his annual screen for fantastic funds, whittling down the universe of 8,000 funds to just 43. This year's list is dominated by American Funds and Vanguard, and includes some interesting newcomers. American Funds New Perspective is one Gold-rated fund on the list and invests in firms that benefit from changing global trade patterns. "In someone else's hands that might sound like a gimmicky fund marketing strategy, but American makes it work with strong stock research," he writes. Kinnel screens funds by looking at things...