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Tweedy, Browne Insider + Value ETF in registration
There must be something about the combination of the names Tweedy and Brown that convinces some people to pay through the nose to own one of their funds.
That change amounts to "old wine, new bottles". Small shops are facing of flat or declining asset are ding the same in order to survive.
We used to invested with Tweedy Browne 30 years ago and learned there are better choices out there. High fees and continuing poor performance are the main reasons.
”pursues its investment objective by investing under normal circumstances at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of U.S. and non-U.S. companies that Tweedy, Browne Company … believes are undervalued, and where either the company’s “insiders” have been actively purchasing the company’s equity securities and/or the company is conducting “opportunistic share buybacks.” … the Adviser considers a company’s “insiders” to be corporate officers, such as the Chairman, Chief Executive Officer, President, Chief Financial Officer, Treasurer, and/or directors, or controlling shareholders, who would typically own 10% or more of the company's outstanding shares … “
Amazing the different “strategies” they can come up with.
Comments
We used to invested with Tweedy Browne 30 years ago and learned there are better choices out there. High fees and continuing poor performance are the main reasons.
Amazing the different “strategies” they can come up with.