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M* Fund Times 5/30/2013, WAEMX to implement some purchase restrictions to existing holders

InvestorInvestor
edited May 2013 in Fund Discussions
http://news.morningstar.com/articlenet/article.aspx?id=598449

* Lower Fees for 4 Vanguard Mutual Funds, 1 ETF
* Oppenheimer Manager Departure
* Wasatch Implements More Restrictions on Emerging-Markets Small-Cap Fund
* Templeton Frontier Markets Closes to New Investors
* Fund Manager Changes at Bridgeway
* Former Janus Portfolio Managers Resurface at Denver Hedge Fund
* Fidelity Selling Its BostonCoach Limo Company
* Fairholme Capital Takes $500M Preferred Stake in Fannie, Freddie

Comments

  • InvestorInvestor
    WAEMX purchase restrictions on fund brokers will be restricted as of June 7.
  • Sven
    Reply to @Investor: AUM is close to $2 billion. No doubt that the managers are having difficulty in finding enough small cap EM stocks to invest in. The other choice is to invest in mid- and large-cap stocks, then the fund will morph into an all-cap fund.

    June 7th is coming up soon...
  • Sven
    Another alternative to WAEMX is Matthews Asia Small Companies Fund, MSMLX even though it is less diversified. It has only $420 M in asset under management.
  • MourningStars
    Columbia, Forward, and William Blair have "similar" EM smaller cap funds as well. If you really want to walk on the wild side or perhaps buy at the top, there is an offering from Driehaus.
  • andrei
    edited May 2013
    WAFMX and WAESX are two possible answers for closing WAEMX. But WAFMX already has more than $500M AUM, and WAESX invests in large-medium size stocks. But WAEMX is already in mid-caps anyway.
  • Sven
    Reply to @andrei: WAFMX has even higher risk investing in the frontier market than the that of the emerging market. There is little overlap on the holding between these two funds. WAESX shares one of the comanager with WAEMX.
  • InvestorInvestor
    Reply to @andrei: Another alternative is coming emerging markets fund from Grandeur Peak.

    http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/comment/23015
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