Doug Fabian
Doug Fabian
Doug Fabian is best known as the editor of the several financial investment newsletters; he has been an investment advisor since 1978. Currently he is the President of Fabian Wealth Strategies, a fee-only investment advisor specializing in exchange-traded funds. In 2001, he wrote “Maverick Investing”, a guide to building wealth through unconventional means...
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The manager could have made a large sector bet that flopped; he may have made a large commitment to the fund's top 10 holdings, which then underperformed; or the fund may simply have an unskilled manager, someone who can't pick well.
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There's a false sense of security that large caps don't go down. I've got news for you -- they do.