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"What we've seen with Y.S.L. is encouraging, but turnarounds are always difficult to predict, especially in a tough economic environment," said Scilla Huang Sun, manager of a luxury goods fund at the Clariden Bank in Zurich.
Hans Ruis, manager of ABN Amro's Consumer Goods Fund in Amsterdam, recommends investing in Nestle, the world's biggest food group, because it produces products that consumers are "willing to spend a little extra on".
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Every stop on what has become a sort of underground railway is shrouded in secrecy: requesting supplies, confirming the needs, delivering goods, fund-raising and collecting donations are carried out by separate cells.
Like most public goods, funding for libraries is most necessary when it is most threatened.
So investors in a good fund ought to be happy to stay put.
Like any good fund manager, Mr Slater finds deciding when to sell his biggest challenge.
Of course, a good fund can perform better than its beta predicts.
"It will make a very bad fund awful, but even a mediocre fund will do O.K., and it will make a good fund great," Mr. Thorp said.
Another good fund with losses on its books is Fidelity Independence, which had tax losses of $2.4 billion on assets of $4.7 billion as of June 30, according to Fidelity Investments.
Picking a good fund requires some investigation into the industry and stock mix.
The money has been allocated from the Inverness Common Good Fund.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com