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The Puzzle----And Promise----Of 'Absolute Return' Mutual Funds
Hi, Sven. Nice to see you here. Make sure you login. You are currently posting as anonymous user. There are benefits to logging in properly to the site.
The one L/S or Absolute Return fund I was interested in is the fund BobC has brought up as a alternative diversifier a few times, Marketfield MFLDX. Most of these long/short funds seem to stay on the bearish side most all the time and only seem worth holding when the market collapses, AKA Hussman's Strategic Growth fund HSGFX. But MFLDX seems to be able to capture up and down markets, albeit with added volitility.
As you guys have mentioned though, expenses are high.
Comments
Regards,
Ted
http://news.morningstar.com/fund-category-returns/long-short/$FOCA$LO.aspx
Sven, I hate the higher ER's as much (if not more) than the next guy, but the funds help provide diversification and downside protection (sometimes).
As you guys have mentioned though, expenses are high.