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The Continuing Saga of Team Asset Strategy (TEAMX)
Wow if you look at this portfolio, it has invested in all the assets which are not working:
1. Long Gold and gold miners: Wrong 2. Short the S&P 500, Nasdaq 100, QQQ, and semiconductor stocks: Wrong 3. Not just short, but ultra-short European equities and triple short domestic SC: Ultra-Wrong and Triple-Wrong
Obviously the trustees are not doing their job for the shareholders, but at least the trustees are not totally brain-dead, as according to the latest SAI, they hold zero shares of the fund.
The manager and the trustees should do the right thing and liquidate the fund, and return the assets to the shareholders.
Comments
1. Long Gold and gold miners: Wrong
2. Short the S&P 500, Nasdaq 100, QQQ, and semiconductor stocks: Wrong
3. Not just short, but ultra-short European equities and triple short domestic SC: Ultra-Wrong and Triple-Wrong
Obviously the trustees are not doing their job for the shareholders, but at least the trustees are not totally brain-dead, as according to the latest SAI, they hold zero shares of the fund.
The manager and the trustees should do the right thing and liquidate the fund, and return the assets to the shareholders.
Kevin