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Wanted to buy ACINX Acorn International and First eagle SGOIX at Fidelity today & ran into a problem

edited April 2011 in Fund Discussions
ACINX not available thru Fidelity
SGOIX A load fund with 5% laod

Both have good records but I was dissappointed and did not buy either.

Burt S.

Comments

  • Hi Burt,

    ACINX appears to be available for $1K minimum in retirement accounts at Wellstrade according to a test trade I just made. SGOIX is available for $1K minimum in retirement accounts at Thinkorswim, according to recent reports on the M* forums. And a M* forum member reportedly made a $10K purchase of SGOIX recently in a WT retirement account using a WT rep.

    I would own only one of these funds, and I would definitely prefer SGOIX due to better performance over the past 3-, 5-, and 10-year periods with much lower standard deviations over these periods.

    Kevin
  • Kevin
    SOIGX is available but only with a 5% front end load. that is what I do not want.
    Yes it is a great fund. There is a class C no load but its ER is almost 2%.

    Burt S.
  • According to Scottrade's web page, Acorn Int'l Z is available NTF with a $2500 min, and $1K in an IRA account. I haven't verified this works.
    http://research.scottrade.com/qnr/Public/MutualFunds/Summary?symbol=ACINX

    Regarding comparison w/First Eagle - one fund has a value bent, one a growth orientation. Looking at 5 year category returns for foreign small/mid value vs. foreign small/mid growth, one sees a difference of 0.22% in value's favor - this could go a fair amount of the way toward explaining the 0.59% difference between the funds' performance. Acorn offers a much smaller cap portfolio (about 3/8 as large an average market cap). I'd say it comes down to the kind of fund you're looking for, more than one of these being clearly superior.
  • Burt, SGOIX is the institutional class of First Eagle Overseas, so it does not have a 5% front end load.

    Going forward, both SGOIX and ACINX will likely have low exposures to foreign SC due to their respective AUM of $10.6B and $6.5B. Granted, SGOIX has more of a value bias than ACINX, but I regard that as a good thing. And SGOIX has had much lower standard deviations and much higher sharpe ratios over the past 1-, 3-, 5-, and 10-years, and better performance over the past 3-, 5-, and 10-years.

    If I wanted to boost my portfolio's foreign LC and MC exposure, I would choose only one of these funds, and that fund would be SGOIX. Of course, this is only my opinion, and I am sure that you will perform your own due diligence in selecting funds for your own portfolio.

    Kevin
  • At Fido First Eagle Overseas Inst CL (SGOIX) has a transaction fee of $75, but it doesn't have a load. I tried a test buy, but it says "The selected mutual fund has a minimum investment requirement of $1,000,000." There are two other share classes available at Fidelity.

    SGOVX FIRST EAGLE OVERSEAS FUND CLASS A
    FESOX FIRST EAGLE OVERSEAS FUND CLASS C

    Both have a 1,000 min in an IRA and a $2,500 min in taxable.
  • ACINX is the Z share class of Columbia Acorn International. Fidelity has A, B, and C share classes or both intl and intl select:

    LAIAX Columbia Acorn Intl CL A
    LAICX Columbia Acorn Intl CL B
    LAICX Columbia Acorn Intl CL C

    LAFAX Columbia Acorn Intl Select CL A
    LFFBX Columbia Acorn Intl Select CL B
    LFFCX Columbia Acorn Intl Select CL C

    BUT, B share classes are closed to all investors.
  • The user and all related content has been deleted.
  • Maurice,
    I tried it in a taxable, regular IRA, and a Roth IRA.

    Trade Message
    (003908) The quantity you specified is less than the minimum required to buy shares in the mutual fund you selected. The selected mutual fund has a minimum investment requirement of $1,000,000.

    Thanks,
    Brian
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