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Morningstar, Day One: preview

David_Snowball
edited June 2013 in Fund Discussions
Hi, guys.

The Morningstar Investment Conference adventure begins today, the slowest day of the three. On tap:

interview with Bill Smead, manager of Smead Value (SMLVX), mostly domestic, mostly large cap, 27 stocks, low turnover, five-star, top 2% returns. A bit pricey (1.4%) given assets ($300M), but we'll talk.

lunch at Northern Trust, presentations on efficient investing in emerging and frontier markets

Bill Nygren and Steven Wymer presenting on active share and active management

interview with Jake Mortell about Versus Capital, an interval fund that invests solely in private real estate. There's pretty good evidence that securitized real estate (REITs, for example) lose most of their diversification value and become less attractive on a risk/return basis than private r.e. Looks interesting, looks pricey.

Thought you'd like to know. I'll try to post a days end folow-up.

David

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