Funds created to educate young investors lack performance. (Child's Play).

Publication: Buyside

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COPYRIGHT 2003 Adams Business Media

Standard & Poor's online service, Fund Advisor, completed a review of the different mutual funds designed to educate children and allow parents to contribute to their child's savings. In its analysis, Fund Advisor found that the performance of these funds did not necessarily justify the extra costs or restrictive structures imposed on its shareholders.

"Clearly there are better investment alternatives for those looking to save for children," says Phil Edwards, Standard & Poor's managing director of global fund research. "With the wide number...

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