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@Maurice, maybe its time to jump onboard HSGFX...up 4.31% YTD. Maybe not. Related topic to your comment:
As the authors stated, “As the size of the fund increases and because the manager’s investment ideas are finite, the new money flows are not able to be put to productive use, which subsequently leads to zero net alpha in equilibrium.”
The authors also stated, “… managers have no ability to generate additional investment ideas when existing opportunities are fully exploited.”
Fund managers cannot “cope with the influx of new money” resulting from the FMOY award, according to the authors.
PDBZX is not having fun this year in the rising rate environment.
Other funds I own that are struggling: - VWINX struggling, which I realize its apples to apples with PDBZX - FRIFX struggling over YTD, 1 YR & 3Yr timeframe
Don't own but follow: - VCSAX & FDFAX (corrected, thanks @carew388) , Consumer Staples off 9% YTD, negative over 1 Yr
On the positive side: - Some Energy funds turning positive after 3 yr negative returns- I watch FSENX, BENFX & VGENX - HSGFX showing a long negative trend (1,3,5 & 10 Yr) reversal, strange market we are in.
Someone with time on their hands should see how the funds/managers on Bee's list of annual winners subsequently performed after winning. But then I just found this:
Comments
I guess one out of three--Herro--ain't bad. In baseball that's a darn good average.
Related topic to your comment: https://advisorperspectives.com/articles/2017/10/16/should-you-invest-with-the-fund-manager-of-the-year
@JoJo26, Long term - 2 funds are at least 32 years old (PRWCX and FDGRX). PBDZX is 24 years old. Nothing but Long term success.
- VWINX struggling, which I realize its apples to apples with PDBZX
- FRIFX struggling over YTD, 1 YR & 3Yr timeframe
Don't own but follow:
- VCSAX & FDFAX (corrected, thanks @carew388) , Consumer Staples off 9% YTD, negative over 1 Yr
On the positive side:
- Some Energy funds turning positive after 3 yr negative returns- I watch FSENX, BENFX & VGENX
- HSGFX showing a long negative trend (1,3,5 & 10 Yr) reversal, strange market we are in.
investors.morningstar.com/news/cmsAcontent.html?t=SEQUX&resourceId=582142&src=Morningstar&date=02-05-2013&nav=no®ion=USA&culture=en_US&ProductCode=mle