Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Worldwide/Global "Leaders." Harbor. HGGIX. Does anyone care to offer a quick and dirty evaluation of this fund for me? I earlier asked about Seven Canyons because it was featured... I'm not picky about the category, but the money will be for a medium-term goal: 3-4-5 years. Only 138M AUM in HGGIX, but its performance vs. peers looks good to me. Thank you.
Harbor is a gateway conduit as they outsource portfolio management. Not necessarily a liability as several of their funds including HGGIX, HACSX, and HCAIX have performed superbly (I do not own any of them). Secondarily, expense ratios appear reasonable considering the extra layer of administration and execution.
@Crash: this fund does have a good record since new management took over. One thing I noticed is that it holds no FAANG stocks, whereas my fave in the category, MGGPX, does hold them. For istance, AMZN is the latter's top holding representing 6%+ of AUM.
@David_Snowball and @BenWP: I'm paying attention. I do believe I've found the destination for the cash I'll pull from the T-IRA in early January. Thanks to all on this, and on the other thread. WAGTX HGGIX
Comments
My dirty take: https://www.mutualfundobserver.com/2020/10/harbor-global-leaders-investor-hggix/.
You can check out the managers home firm at https://sandscapital.com.
Ditto MGGPX which closes to new investors Dec. 31.