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T. Rowe Price Capital Appreciation Market Opportunities ETF in registration
Seems like a Hail Mary to leverage David Giroux’s name. What experience does Giroux have running a strategy like this. I suspect zero experience. He’s already stretched too thin. Performance of TCAF has been fair. Would be much better off owning a super low cost S&P500 index as compared with TCAF.
Hooo-boy, I don't like this at all ... they're really milking the Capital Opportunity brand for all they can, aren't they? This looks like a late-to-the-game me-too covered-call ETF, of which there are already a bunch available.
Makes me even more relieved I reduced my PRWCX to a modest position yesterday.
Hooo-boy, I don't like this at all ... they're really milking the Capital Opportunity brand for all they can, aren't they? This looks like a late-to-the-game me-too covered-call ETF, of which there are already a bunch available.
Makes me even more relieved I reduced my PRWCX to a modest position yesterday.
Agree that this is nothing but a TRP marketing effort. In my opinion, TRP has hit the skids. If someone wants active management, there other better firms.
Hooo-boy, I don't like this at all ... they're really milking the Capital Opportunity brand for all they can, aren't they? This looks like a late-to-the-game me-too covered-call ETF, of which there are already a bunch available. Makes me even more relieved I reduced my PRWCX to a modest position yesterday.
Agree that this is nothing but a TRP marketing effort. In my opinion, TRP has hit the skids. If someone wants active management, there other better firms.
Hooo-boy, I don't like this at all ... they're really milking the Capital Opportunity brand for all they can, aren't they? This looks like a late-to-the-game me-too covered-call ETF, of which there are already a bunch available. Makes me even more relieved I reduced my PRWCX to a modest position yesterday.
Agree that this is nothing but a TRP marketing effort. In my opinion, TRP has hit the skids. If someone wants active management, there other better firms.
Besides the introduction of this new ETf, what has caused TRP to "hit the skids?" I'm just curious...
TRP is no longer able to attract and retain top talent. Their research is now relatively poor as compared with top tier active management shops. Look at the performance of prior top notch TRP funds (e.g., PRNHX, RPMGX, PRFDX). Some of their top talent left to start their own hedge funds. I wouldn’t invest in active management. But if I was going to, I would not invest in TRP funds.
I started investing in an actively managed fund in the early 1970s. Mutual Shares managed by Max Heine, a brilliant investor with a very unique value strategy. His protege was Michael Price. Sold all my shares in 1996.
Comments
Makes me even more relieved I reduced my PRWCX to a modest position yesterday.
Besides the introduction of this new ETf, what has caused TRP to "hit the skids?"
I'm just curious...
I started investing in an actively managed fund in the early 1970s. Mutual Shares managed by Max Heine, a brilliant investor with a very unique value strategy. His protege was Michael Price. Sold all my shares in 1996.
I was invested in a Mutual Shares fund (Beacon?) years ago when Michael Price was the portfolio manager.