Fepetri.com

Why waste time screening and researching if you can get mutual fund managers to do the work for you? Fund managers spend all day researching investment opportunities and have access to more information than you'll ever see. Although analyst recommendations are often tainted by potential conflicts of interests, mutual fund managers buy a stock for only one reason: They think it's headed north.

Unfortunately, most funds conceal their trading activity until months after the fact. Below are two fund families that reveal trades early enough for investors to act on. Both are low turnover funds, meaning their managers follow a buy-and-hold strategy. Your can use their largest holdings as a source of investment ideas and to pay attention to the stocks they are dumping or loading up on.

IPS ADVISORY

Robert Loest manages the IPS Millennium (a blend of tech and dividend payers) and New Frontier funds (all tech). His recent results have suffered along with everybody else, but his Millennium fund boasts a 21 percent average annual return over the past five years. Loest's Portfolio Manager Diary offers insider commentary on his recent trades as well as his take on the market. Most useful is his analysis of specific market sub-sectors. Loest describes where the sector fits in the overall market and offers his take on the leaders. It's a fascinating education on tech stocks you won't find anywhere else.

 

Munder Capital Management

 

Munder was a relatively unknown fund family until its NetNet fund, one of the first Internet funds, made headlines by scoring huge returns in 1998 and 1999. Last year was another story, but NetNet still carries a four-star rating from Morningstar. Don't worry about the name; NetNet has always focused more on Net infrastructure companies than on dot-coms.

Munder runs more than 20 funds in a variety of sectors. NetNet and Future Technology focus on technology. Monthly commentary on each fund lists all transactions for the previous month and the rationale for each trade. You can also see the top 10 holdings for each fund.