With this fund closing, I am pondering if I should jump in (or even into oakwx). My initial thoughts were to invest in a Foreign Large blend fund and a US Large blend fund (such as artix and oakmx) as part of my core holdings. However, is one better served through a global fund such as the one that is closing? If one invests in a global fund vs a US large cap fund and a foreign large cap fund, one doesnt have to tinker with the % of invested in US vs Foreign (as long as the global fund manager has the proper allocation).
Any thoughts regarding this particular subject? I would be interested in hearing other opinions regarding this..
Thank you for reading my post.
Comments
Regards,
Ted
Best regards,
Bryan
David
I use DODWX as my core "value" fund because my port is relatively small and it allows me to check a lot of bases (including foreign, even EM exposure). I do like that the managers can go anywhere with the allocation of a global fund to find whatever values there are, and that with funds of this sort, the holdings tend to be a little more condensed than the equivalent straight foreign fund. Most people also tend to get more foreign exposure than they would simply allocating for themselves between both U.S. and Foreign funds.
That being said, one of the things all three of these funds tend to focus on is large, global reaching, multi-national corporations. ARTGX is especially concerned with quality. I don't know how much diversification you end up getting from holding a firms like AstraZeneca, Roche, or Credit Suisse anymore. There just aren't that many small firms in these funds to really give you exposure to local economies. That isn't necessarily a bad thing, and for a small port to have a manager focused on the best companies in the world is pretty nice. Not every fund needs to be a Grandeur Peak.
As a side note, ARTGX did just lower it's ER to the still steep, but not otherworldly 1.38%, which puts it in line with TWEBX now.
Regards,
Ted
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