Lords of Dogtown

Large-Cap Growth mutual funds are in Wall Street’s doghouse.

The average Large-Cap growth fund trailed the S&P 500 by approximately 670 basis points last year, enough to make any investor howl.

Some of the funds in the category belong in a kennel.

Or worse.

Did you cry when Old Yeller died?

Nobody sheds a tear when fund complexes put a bullet in their biggest dogs.

But they are always slow to pull the trigger.

Savvy investors are known to adopt the dogs of the Dow.

But getting stuck in a mangy mutual fund can stink up a portfolio.

And not even the staunchest contrarians enjoy cleaning up after dogs.

Next week underthecounter will rub a few noses in a pile...as we introduce you to a mutt in each style box.