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Not to hijack the Fidelity Select medical fund theme which I have some positions in, but I've been watching PDFDX which was originally a US based microcap fund now a small cap biotech fund. Still pricey, but the fund is gathering AUM.
Ignoring the ER and Transaction fee for a moment... and looking at the performance... how is that fund a 3 star M* fund? Wow. Interesting fund. Good share Shadow.
Fund has been around for years but has had a lackluster performance. Fund changed its investment style from domestic micro cap fund to predominately health/biotech micro/small cap fund.
Website states that management would close the fund when it gathers $100m in assets.
Finally traded FSPHX for FSMEX - long term conviction move. @TheShadow I checked back on PDFDX and sure enough it's up 22.81 for the year vs. FSMEX 12.25. It has performed very well since you mentioned it.
PDFDX is sketchy at best. The fund has been around for many years. It previously invested in micro cap stocks; now it invests in micro cap health & biotech companies.
Comments
Website states that management would close the fund when it gathers $100m in assets.
http://www.perkinsfund.com/performance.html
PDFDX is sketchy at best. The fund has been around for many years. It previously invested in micro cap stocks; now it invests in micro cap health & biotech companies.
Caveat Emptor...