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Impressive start for JOHCM Emerging Markets Small Midcap Fund (JOMIX)
This is a new fund with tiny assets although it is managed by experienced emerging market managers Emery Brewer of Driehaus fame, Stephen Lew, and Dr. Ivo Kovachev.
The fund is up 21.57% YTD. It's on my watch list. Does anyone have any insight into Emery Brewer's tenure at Driehaus and his results?
Mr. Brewer managed the fund from 12/31/1997-4/29/2008, and during this period, DREGX crushed the EM equity category, and outperformed the top funds in the space as shown HERE.
I just test traded JOMMX and JOMIX in my retirement accounts, and these classes are not available for my purchase at Fidelity, TDAmeritrade, Scottrade and Firstrade. And at Wellstrade, I get the all to familiar "The security entered cannot currently be traded online." Please let me know where you can buy these share classes.
This is the message I received with the test trade of JOMIX in my Fidelity retirement account:
"Error: (000967) The mutual fund you entered is not authorized to be traded in your state. Please review your order or call a Fidelity representative a 1-800-544-6666."
JOMMX is the target (prospectus net ER 1.54%) as it is slightly less expensive than JOMIX (net ER of 1.64%).
i tried JOMIX at Fidelity and got told I needed a min of 25k to invest. at the moment, i only have 15k. if someone wants to lend me 10k, ha ha, i'll see if the order goes through, ha ha. i tried JOMMX and was told it wasn't available
Hi Kevin. I received the same message you did, "The mutual fund you entered is not authorized to be traded in your state." I might try contacting JOHCM and will get back to you.
I just spoke with a representative of JOHCM who mentioned that as of end of February, JOMIX was available in a limited number of states (CA, NY, FL, VA, TX, plus a few others). He said their goal is to make it available in all states. When? He didn't know but gave me a phone number to call at Northern Trust - 866-260-9549. My advice is to continue watching until it becomes available.
Why did Brewer and another manager of this new fund take "sabbaticals" from around 2008-2010? It sure would be nice to have their performance figures from that period when high-flyers mostly crash landed.
Comments
Mr. Brewer managed the fund from 12/31/1997-4/29/2008, and during this period, DREGX crushed the EM equity category, and outperformed the top funds in the space as shown HERE.
I just test traded JOMMX and JOMIX in my retirement accounts, and these classes are not available for my purchase at Fidelity, TDAmeritrade, Scottrade and Firstrade. And at Wellstrade, I get the all to familiar "The security entered cannot currently be traded online." Please let me know where you can buy these share classes.
Kevin
"Error: (000967) The mutual fund you entered is not authorized to be traded in your state. Please review your order or call a Fidelity representative a 1-800-544-6666."
JOMMX is the target (prospectus net ER 1.54%) as it is slightly less expensive than JOMIX (net ER of 1.64%).
Kevin
Mike
Kevin