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Doug Ramsey, Leuthold CIO, on investing in the markets ahead
According to LCORX's Fact Sheet, its investment objective is: "Capital appreciation and income while maintaining prudence in terms of managing exposure to risk. Investment guidelines are 30%-70% equity exposure and 30%-70% fixed income." What is the value in comparing it to a 100% equity fund like SPY after the longest equity bull market in history just ended? PRWCX is a fairer comparison as is VBIAX, and PRWCX has been a terrific fund.
I compared LSLTX(99+% in stocks) to SP500 and LCORX(60+% stocks) to PRWCX. Leuthold funds have high ER and small AUM.
@FD1000 I was referring in the first part of my comment to the remark "bpkis...spy much better over all periods" not written by you. I agree that PRWCX has been a better performer than LCORX and that is a fairer comparison than to SPY.
Comments
Leuthold funds have high ER and small AUM.