Wiener Selects Selected Value
01/03/2003 12:00 am EST
The Independent Adviser for Vanguard Investors is a specialized service providing advice on Vanguard mutual funds. Editor Dan Wiener is arguably the leading expert on this fund family. His in-depth expertise makes this service a must-read for those who hold Vanguard funds. For his top pick for 2003, the advisor selects Selected Value.
"For my top pick for 2003, I am choosing Vanguard Selected Value (VASVX). This mid-cap, value fund is run by one of the best fund managers in the business, Jim Barrow of Barrow, Hanley in Dallas. I believe that mid-cap stocks represent good value and also are often overlooked by investors who think either 'large' or 'small'. Barrow has a lot of his own money in the fund, which is important. Plus, he's been able to maintain a nice dividend yield, as well, while waiting for some of his stocks to take off."