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Mutual Funds That Thrive When Stock Sink: Some MFO Favorites Mentioned
The funds mentioned include MainStay Marketfield (MFLDX) and Wasatch Long/Short (FMLSX), but also fund-of-funds Aberdeen Diversified Alternatives (GASIX), AQR Managed Futures (AQMIX), Arbitrage Event-Driven (AEDNX) and Calamos Market Neutral Income (CVSIX).
Thrive when stocks sink. Hmmm. If by "thrive" you mean "drop more than the S&P 500 in 2008," Aberdeen qualifies! Aberdeen is institutional or front-loaded.
Calamos had been closed, reopened in January 2013 and has picked up about a billion since then, mostly in its institutional class. The fund's various classes have about $3.5 billion. Arbitrage's "R" share class (AEDFX) is no-load/NTF at Schwab; the profiled version has a $100k minimum and most of the other classes have sales loads. The AQR fund is institutional.
Comments
Thrive when stocks sink. Hmmm. If by "thrive" you mean "drop more than the S&P 500 in 2008," Aberdeen qualifies! Aberdeen is institutional or front-loaded.
Calamos had been closed, reopened in January 2013 and has picked up about a billion since then, mostly in its institutional class. The fund's various classes have about $3.5 billion. Arbitrage's "R" share class (AEDFX) is no-load/NTF at Schwab; the profiled version has a $100k minimum and most of the other classes have sales loads. The AQR fund is institutional.
Just some odds and ends.
David