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ASFQX. Anyone else tempted to bite on this new fund? I got into another new fund in the same category, in 2012, after it was open for just a matter of months, too (MSCFX.) Small-caps have been lagging, this year. I know this one was written about not long ago in the monthly commentaries. http://www.morningstar.com/funds/XNAS/ASFQX/quote.html
I don't have a comment on the subject fund but I feel the smids are starting to rebound. And, if the tax system gets overhauled they most likely will recover lost ground and them some.
I've been thinking of raising my allocation in the smids.
@Crash You noted: "Small-caps have been lagging, this year."
>>>One would have to define "which" small caps. The fund category returns at the below link indicates the happy areas of all cap sizes in U.S. equity. The current trend favors growth; with perhaps value being value for good reasons. One might expect that value will become so inexpensive that the algo machines will signal a buy. I recall a year or two backwards that growth in this area was not so happy.
>>>Mr. Snowball described the background of the managers of this fund, per your link. However, with management's E.R. of 1.51%; one would expect great things, eh? The fund is ahead of the crowd average for small cap blend (7.6% vs 4.1%, more or less); but there are currently other funds much ahead of both, at this time.
I don't find any particular attraction to this fund, if I were investigating this sector area. What draws you to this fund? My Sunday morning two cents worth. Now back to chores while Michigan weather remains pleasant.
Comments
I don't have a comment on the subject fund but I feel the smids are starting to rebound. And, if the tax system gets overhauled they most likely will recover lost ground and them some.
I've been thinking of raising my allocation in the smids.
Old_Skeet
You noted: "Small-caps have been lagging, this year."
>>>One would have to define "which" small caps. The fund category returns at the below link indicates the happy areas of all cap sizes in U.S. equity. The current trend favors growth; with perhaps value being value for good reasons. One might expect that value will become so inexpensive that the algo machines will signal a buy. I recall a year or two backwards that growth in this area was not so happy.
M* All category returns
http://news.morningstar.com/fund-category-returns/
M* Small Blend...........click onto the YTD column header to sort list for best performance YTD.
http://news.morningstar.com/fund-category-returns/small-blend/$FOCA$SB.aspx
Just for the heck of it, a chart of sm. cap value, growth and a Vanguard sm. cap blend; with the selections chosen at random.
http://stockcharts.com/freecharts/perf.php?SLYV,SLYG,NAESX&n=1009&O=011000
>>>Mr. Snowball described the background of the managers of this fund, per your link.
However, with management's E.R. of 1.51%; one would expect great things, eh? The fund is ahead of the crowd average for small cap blend (7.6% vs 4.1%, more or less); but there are currently other funds much ahead of both, at this time.
I don't find any particular attraction to this fund, if I were investigating this sector area.
What draws you to this fund?
My Sunday morning two cents worth.
Now back to chores while Michigan weather remains pleasant.
Respectfully,
Catch