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It seems like Hussman got the formula right with HSAFX after years of HSGFX losing money in the post-2008 bull market. Unlike HSGFX, HSAFX has managed to produce small gains even during strong rallies, but it still has virtually no assets. I imagine there’s a legitimate trust question here.
One factor is whether brokerages are carrying HSAFX. Don't know about all of them, but Fidelity continues to refuse to make it available. I've put in a request for it three times now, and the answer continues to be no.
Yea I saw that but it is odd that a guy is writes so eloquently about how overpriced the market is, especially large caps, would buy Google and Amazon and Qualcom.
I did a little digging to find out how he runs the fund but haven't dug into the prospectus yet
HSAFX is available with a transaction fee at Schwab and Vanguard-not available at E-Trade.
Unavailable also at Merrill Edge. But it is available at Firstrade (all funds NTF). At least it shows up at Firstrade if one logs into an account ($500 min); it isn't on Firstrade's public list of funds.
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I did a little digging to find out how he runs the fund but haven't dug into the prospectus yet