From another thread...
newgirl
January 17 Flag
@Benwp and @MikeW ... I 'd love for you to start the thread on Small Cap and EM Asia .
I am very interested in thorough analysis! Not either of those posters, and not sure I can provide thorough analysis, but...
First, for EM, see a good discussion at
https://www.mutualfundobserver.com/discuss/discussion/57597/some-questions-on-emerging-market-funds#latestSmall Caps: IMO, the rotation is REAL and has been happening now for several months. Getting frothy perhaps but appears there is still a LONG way to go and it's not too late to participate. To wit, SCs are set to Rock the Casbah again this AM.
First entry into the cat in a BIG way was on the value side, selected FCPVX (UP 7.3% YTD), then a smaller play with Foreign SCB/MCB FISMX (and its arguably unique splatter).
More recently bot MSSMX (UP 11.3% YTD, UP 150% in 2020), Morgan Stanley's gem of a SCG fund.
Others considered:
SCG: WMICX, ARTSX, FDSCX, PXSGX, QUASX
SCV: RYOFX
EM SC: VAESX, WAEMX
Foreign, EM and SC (all cats that
generally require a bit of bravery/insanity for retirees at least) are providing some REAL energy to otherwise (temporarily?) lackluster, US LC-laden ports these days, and I expect that to continue this year and possibly beyond. Suggest DCA'ing at this point as an interim pullback seems likely. YMMV.
Comments
For SCG, I own BCSIX (closed), DVSMX and DSMDX. Lots of tech and healthcare in these offerings. They go like H when the going is good. And we know how that can end...
VSMAX tracks the CRSP U.S. Small Cap Index.
It has more holdings and a higher median market cap than S&P 600 index funds.
FSMAX tracks the Dow Jones U.S. Completion Total Stock Market Index and VEXAX tracks the S&P Completion Index. Both of these extended market funds are designed to complement an S&P 500 index fund.
These mid-cap funds have more holdings and higher median market caps compared to VSMAX.
I would avoid funds which track the Russell 2000 index due to this index's inferior design.
theyre-on-fire/
I think you mean PRIDX is closed to new investors. PRDSX is still open according to T Rowe Price.
https://www.morningstar.com/funds/xnas/prdsx/quote
https://www.troweprice.com/personal-investing/tools/fund-research
"
Link
Actively managed MSSMX, with nearly identical MC/SC splits as IWM, absolutely blows it away from a TR perspective over all time periods.
Not sure if I posted it here or on another forum(s), but investors are really missing the boat in several cats if you don't own a MS fund. Do some screenings yourselves and see if MS doesn't show up as a top TR performer in LC, MC, SC, Foreign, World... for all/most time periods.
Also, LCGRX is a good option.
"WOW! MSSMX is UP 150% in 2020. I can't buy that now. I'm too late."
Or, you could have bought it on 12/31/20 and be UP 16.5% YTD heading into today. Or have bought ARTSX on 12/31/20 and be UP 5.4% YTD.
ARTSX is a great SCG fund and made my above-posted original scoping list. But MSSMX was my SCG choice because it has consistently outperformed virtually every other SCG fund over all time periods. And I see no reason to expect anything different than that going forward.
Granted, MSSMX's SD is notably higher than most other SCG funds. BUT...as one legendary forum poster always used to say, "Volatility is the price you pay for growth."
YMMV, and I think it does. I think you posted elsewhere that you are risk adverse and I replied that feast/famine EMs are therefore NOT the place for you to be. I would echo that same comment on SCG. SCV and FCPVX might be a better option for you in SCs.
EDIT: WMICX is OPEN/NTF at Fido.
https://www.cnbc.com/2020/12/28/this-morgan-stanley-mutual-fund-has-more-than-doubled-this-year-here-are-its-top-holdings.html
https://www.wsj.com/articles/the-top-stock-funds-of-2020-11610248817
Just because a fund is closed with a brokerage, but is available to be purchased directly from the fund's transfer agent does not mean it cannot be purchased. You can purchase a couple of the Wasatch funds directly from Wasatch then transfer them to your brokerage. Only aggravations are time involved and the related paperwork.
I remember someone purchased GPMCX when it re-opened directly from Grandeur Peak only to transfer it to Fido. Once the fund was transferred over, you can possibly buy it through the brokerage; problem is not all brokerages do what they are supposed to do (some may not allow additional purchases). You need to check with your brokerage prior to transferring the fund as to whether they will allow additional purchases.
Also, you can get the standard amount of SC exposure (floats between ~6%-~10%) through the use of a Total Market Index fund. VTSAX, e.g., currently had about 8% SC.
FWIW...Reasonably sure the rotation from LCG to SCG will continue for some time. SCs showing impressive resiliency during today's market action. That, and about $10, gets you a Starbucks.
EDIT: With 1/2 hour to go, SCs are asking investors, "When are you finally going to believe this rotation is real?"
Just sayin'.