David Snowball reminded us in this month’s Commentary that M* sees small cap value stocks as being undervalued. He reported that a screen for MFO Premium highly rated SCV funds produced BSCAX and PMJAX. The Brandes fund is small at $54M in AUM, so screens setting minimum size at $100M might miss its outstanding record. The PIMCO fund, OTOH, has attracted $1.4B.
Brandes also offers BISAX, International Small Cap Value, another fine vehicle. AUM clock in at $634M, lots more than the domestic fund. I was surprised to learn that the two funds have exactly the same four portfolio managers. I cannot recall encountering such a perfect overlap. In the same shop, the Brandes LC International and the EM fund have entirely different teams managing them. At places like Invesco, it seems that a single PM is listed as managing a slew of ETFs, but I doubt there’s a lot of day-to-day work happening on every fund. I’m impressed enough with BISAX to own it. Can
@TheShadow or other sharp-eyed members find actively-managed funds, investing in different asset classes, having exactly the same portfolio managers, and rated 5 stars?
