BUSINESS
March 8, 1998 | RUSS WILES, Russ Wiles is a mutual fund columnist for The Times and coauthor of "How Mutual Funds Work" (Simon & Schuster). He can be reached at russ.wiles@pni.com
Marcus Singleton put $2,500 in Twentieth Century Giftrust for each of four grandchildren a few years ago. But for his fifth grandchild, now 3 months old, he plans to invest in another mutual fund, possibly the SteinRoe Young Investor fund. "In the beginning, I remember thinking what a wonderful fund Giftrust was," said Singleton, a retired aerospace engineer who lives in Pacific Palisades. "But now I think I'm going to change horses." You can't blame him.