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Eventide Healthcare & Life Sciences

jlev
in Fund Discussions
First of all I really want to thank David for having dedicated part of the last commentary to ESG & SRI investing, a topic I had hoped he would address at some point. I was curious about the Eventide Healthcare & Life Sciences ETNHX fund you mentioned might show up in the commentary and if they had gotten back to you about your two outstanding questions. I was/am very intrigued by this fund and always find your takes informative. Do you expect to get the remaining information from them this month?

Comments

  • little5beelittle5bee
    I own it and love it. Would like more info, too.
  • TedTed
    edited July 2015
    @little5bee: The doctor is in the house ! I hope everyone who has been on the MFO Discussion Board for any length of time owns a health care fund. If they don't, they've lost a lot of money !
    Regards,
    Ted

    The Principles Of Faith-Based Investing
    Finny Kurvilla, Manager , Eventide Healthcare & Life Sciences
    http://www.bloomberg.com/news/videos/2015-07-08/the-principles-behind-faith-based-investing
  • little5beelittle5bee
    Hi, Ted -- Yes, although ETNHX has a higher ER than I would like, the managers have definitely earned it. It has been on such a steep incline lately, though, that I'm getting a little nervous. What goes straight up, must come straight down, right?
  • TedTed
    little5bee: " What goes straight up, must come straight down, right? " Not necessarily, especially biotech & general health.
    Regards,
    Ted
  • finder
    Is there any specific reason to be interested in this fund? Since inception, it was more volatile than FBIOX and did not grow money as fast.
  • little5beelittle5bee
    FBIOX is a transaction fee fund at Schwab...ETNHX is not.
  • kevindowkevindow
    ETIHX (available in TDAmeritrade retirement accounts for $10K minimum with TF) has an average market cap of $1.69B, as compared with FBIOX's $8.3B, so these funds are clearly operating in different market cap spaces making comparison very difficult. I would suggest looking at XBI (average market cap $2.26B), which has outperformed ETIHX over all time periods since inception while having a much lower ER of 0.35% vs. 1.43% for ETIHX.

    Kevin
  • little5beelittle5bee
    Yes, it would have been great to buy XBI a few years ago at the bottom. At my age, however, I would be too nervous to commit that much money at once after the run biotech has had. Much less anxiety to buy a little ETNHX...or FBIOX. Now, if we had a biotech pullback......
  • BenWPBenWP
    Can anyone provide an example of a biotech stock that meets faith-based criteria and one stock that does not meet them? I didn't read all of Eventide's rationale, but what I read left me puzzled and I can't grasp what religion has to do with their stock picking.
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