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.
The writer looks at short-term numbers, just as all of us know that these can be very deceptive. Any manager or team can have long-term strategies that get whiplashed by short-term political and economic craziness. IVA has indeed struggled a bit in the last 12 months, but the fund is barely 3 years old. Ivy Asset Strategy is up more than 11% year to-date. Pretty good by most standards. The indeed had a sub-par 2011, but one weak year does not equate to "going awry". Same goes for BlackRock Global Allocation. It's 2011 return of -3.4% is nothing to get exicted about, for sure. But it has beaten the pants off the S&P 500 over the last 5 years.
This illustrates to me the craziness of the investment media's concentration on "what have you done for me lately" view of funds. That only adds to many retail investor's tendency to jump from one fund to another at almost precisely the wrong time.
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This illustrates to me the craziness of the investment media's concentration on "what have you done for me lately" view of funds. That only adds to many retail investor's tendency to jump from one fund to another at almost precisely the wrong time.