MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

GPROX

Derf
in Fund Discussions
Would someone from MFO membership kindly tell me where this fund fits in at Lipper performance . I'm looking for a benchmark ,so to speak.
Derf

Comments

  • TedTed
    @Derf: Is this what you had in mind ?
    Regards,
    Ted
    http://www.marketwatch.com/investing/Fund/GPROX
  • msf
    If you want a benchmark fund (for this nearly three year old fund) in its Lipper category, you might compare it with American Funds SMALLCAP World Fund (depending on which share class, generally "3"s across the board for 3 year performance), or Invesco Global Small and Midcap Growth A AGAAX (similar three year Lipper ratings).
  • Derf
    @ Ted,msf, thanks for your input.
    Derf
  • TedTed
    Derf: Here is GPROX benchmark for both M* and Lipper. MSCI ACWI Ex USA.
    Regards,
    Ted
    https://www.msci.com/resources/factsheets/index_fact_sheet/msci-acwi-ex-usa-usd-net.pdf
  • Old_JoeOld_Joe
    edited March 2016
    @Derf- from Schwab:

    image

    Note that the MSCI index used is probably more relevant, since GPROX does have investments in the US.
  • JoJo26
    Benchmark should be either the MSCI AC World Small Cap or Russell Global Small Cap. The Fund is "Global" reach and should not be benchmarked to an international index.
  • Old_JoeOld_Joe
    "The nice thing about standards is that there are so many to choose from".

    An old saying among internet developers.
  • heezsafe
    @Derf MSCI has been changing their indexes around quite a bit the past couple of years, and if they continue the trend then their indexes won't be very useful as benchmarks for anything, IMO. Nevertheless, JoJo26 is getting warmer and is probably as close to the mark as you're gonna get.

    Some recent thoughts from Ben Carlson on some pitfalls he is seeing re. benchmarking in today's markets:
    http://awealthofcommonsense.com/2016/03/what-constitutes-a-valid-benchmark/
  • Roy
    GPROX management uses the Russell Global Small Cap Index and Russell Global Index.
  • David_Snowball
    The Lipper benchmark is Global Small- to Mid-cap, if that wasn't clear from the discussion above.

    GPROX has the highest 3-year Sharpe ratio of any fund in the group; it's outpacing its peers by 6% annually since inception with below-average volatility. Fidelity Advisor Global Cap App is second by 3-year Sharpe and Evermore Global Value coming in third.

    David
Sign In or Register to comment.