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Can anyone recommend a mutual fund which closely resembles the risk/reward profile of the Sequoia Fund ?
Somehow the closing date for new investors in January,2012 got past me and I haven't been able to find a suitable candidate. FPACX comes to mind,however it already is part of my portfolio.
The Yacktman funds come to mind, YACKX or YAFFX. YAFFX is my large cap fund. I thought about taking a position in SEQUX before it closed, but in my mind it was too much like the Yacktman fund. They are both focused, have good long time management, great track records, large cap oriented and both willing to hold large amounts of cash if management can't find value. Even though I liked Sequoia, I didn't want to get in the habit of just collecting good funds.
SEQUX is best held in a non-taxable account due to the quarterly distributions and possbility of large year end distributions. The fund is closed to third party intermediaries only. I hold SEQUX with the transfer agent in a non-taxable account.
Comments
Good luck with your choice.
Bohdan