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Health care doing very well to start 2014...VHT, PRHSX
Today FBIOX was up 5.22%. I thought that it must be an error. It seems though that it is for real, in part because it has less than 1% invested in ICPT (Intercept Pharmaceuticals), which jumped 281% today. I wish I had all my money in ICPT...
Reply to @finder: Also seem like a good reason to own a good microcap...or a couple of good microcaps. Management matters in this space. A microcap can quickly move from micro to small to mid cap if successful.
BUFOX has performed well in the microcap space. What's your favorite?
Reply to @gariem: Thanks for the comparison fund. Some of the extra volatility might be due to BUFOX being more concentrated...it holds half as many stocks as PREOX. Taking the top 25 holding from each reveal two very different investment choices...not much overlap.
I wonder if there is a micro cap index out there...and how many companies would it entail? It would require a lot more monitoring and adjusting than most other indexes.
Here's the top holdings of each fund by way of M* site (PREOX on the left, BUFOX on the right)
Also Perrit Ultra Micro Cap is the only mutual fund to own HNNA, Hennesay Advisors, which managaes ten mutual funds (they merged with FBR Funds). I own and reccommend Hennessay Gas Utility Index Fund, GASFX. Insiders own 42% of HNNA. Here's GASFX charted against HNNA over the last three years. GASFX did well, but HNNA launched itself.
Comments
Regards,
Ted
http://blogs.marketwatch.com/health-exchange/2014/01/09/stock-record-intercept-pharma-up-nearly-300-on-drug-test-results/tab/print/
BUFOX has performed well in the microcap space. What's your favorite?
Regards,
Ted
Health & Biotechnology 3.32% YTD
Small-Cap Growth Funds 0.06 % YTD
The Only positives among equities
I wonder if there is a micro cap index out there...and how many companies would it entail? It would require a lot more monitoring and adjusting than most other indexes.
Here's the top holdings of each fund by way of M* site (PREOX on the left, BUFOX on the right)
Also Perrit Ultra Micro Cap is the only mutual fund to own HNNA, Hennesay Advisors, which managaes ten mutual funds (they merged with FBR Funds). I own and reccommend Hennessay Gas Utility Index Fund, GASFX. Insiders own 42% of HNNA. Here's GASFX charted against HNNA over the last three years. GASFX did well, but HNNA launched itself.