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Audio: Morningstar editor says `less is more` when it comes to the number of funds you own
Christine Benz, director of financial planning at Morningstar Inc., says that investors should try to have fewer moving parts in their portfolio, especially during times like these. That means resisting th temptation to buy yet another large-cap value fund when there are already one or two in your portfolio. Too many funds in one asset class, Benz said, will give an investor the returns of an index fund that tracks the same assets, but will eat up the benefits an investor might have expected from active management.
MarketWatch.com

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