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).
Core Select has been "blessed with inflows of late," co-manager Michael Keller, who runs the fund with Richard Witmer and Tim Hartch, said recently. Indeed, fund tracker Morningstar estimates that this year through the end of September, Core Select took in a whopping $1.75 billion more than investors pulled out.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
If you're interested in investing in BBH Core Select, you'd better act fast. As long as the overall stock market is behaving itself, it probably won't take long for the fund to reach the $3.5 billion trigger for closing. Meanwhile, we'll be looking for a fund with which to replace Core Select in the Kip 25. Stay tuned.
Kiplinger's Investing for Income will help you maximize your cash yield under any economic conditions. Subscribe now!
-
Stocks Keep Climbing as Fed Meeting Nears: Stock Market TodayA stale inflation report and improving consumer sentiment did little to shift expectations for a rate cut next week.
-
Your End of Year Insurance Coverage Review ChecklistStop paying for insurance you don't need and close coverage gaps you didn't know about with this year-end insurance review.
-
Crypto Trends to Watch in 2026Cryptocurrency is still less than 20 years old, but it remains a fast-moving (and also maturing) market. Here are the crypto trends to watch for in 2026.
-
The Kiplinger 25: Our Favorite No-Load Mutual FundsThe Kiplinger 25 The Kiplinger 25 is a list of our top no-load mutual funds that have proven capable of weathering any storm.
-
The 5 Best Actively Managed Fidelity Funds to Buy and Holdmutual funds Sometimes it's best to leave the driving to the pros – and these actively managed Fidelity funds do just that, at low costs to boot.
-
The 12 Best Bear Market ETFs to Buy NowETFs Investors who are fearful about the more uncertainty in the new year can find plenty of protection among these bear market ETFs.
-
Don't Give Up on the Eurozonemutual funds As Europe’s economy (and stock markets) wobble, Janus Henderson European Focus Fund (HFETX) keeps its footing with a focus on large Europe-based multinationals.
-
Vanguard Global ESG Select Stock Profits from ESG Leadersmutual funds Vanguard Global ESG Select Stock (VEIGX) favors firms with high standards for their businesses.
-
Kip ETF 20: What's In, What's Out and WhyKip ETF 20 The broad market has taken a major hit so far in 2022, sparking some tactical changes to Kiplinger's lineup of the best low-cost ETFs.
-
ETFs Are Now Mainstream. Here's Why They're So Appealing.Investing for Income ETFs offer investors broad diversification to their portfolios and at low costs to boot.
-
Do You Have Gun Stocks in Your Funds?ESG Investors looking to make changes amid gun violence can easily divest from gun stocks ... though it's trickier if they own them through funds.
