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Does anyone have any experience with either of these funds. I just found them and they seem to be doing very well in their categories. Thank you in advance.
The Hodges funds are aggressive and really for those who have a high risk tolerance - they got creamed in 2008. As I noted with some threads discussing Mairs and Power Small Cap, personally, I'd rather suggest looking for sectors/funds that haven't done very well rather than going for things that have done quite well, which could easily turn into an instance of performance chasing.
Both funds are rather aggressive high beta, high standard deviation funds. When markets are going up they do very well but when market is declining downside is likely to be big as well. Check the upside/downside capture ratios on M* (Rating and Risk tab)
Given the market is rising over long time the high upside produces good long term results but you are likely to feel pain in short term declines and might have difficulty holding it.
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Given the market is rising over long time the high upside produces good long term results but you are likely to feel pain in short term declines and might have difficulty holding it.