BBH Core Select (symbol BBTEX), a member of the Kiplinger 25, will close to new investors soon. The fund's sponsor, Brown Brothers Harriman, announced on October 17 that the large-company stock fund will shut when assets hit $3.5 billion. The fund currently holds about $3.3 billion in assets.
No doubt investors were drawn by the fund's stellar track record, both long- and short-term. Over the past ten years, Core Select returned 9.5% annualized, beating Standard & Poor's 500-stock index by an average of 2.0 percentage points per year. Year-to-date, the fund returned 19.3%, topping the index by 1.6 points (results are through October 16).
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