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Some strong candidates. Its only for 2016 but I have been invested in twvlx since 1994 and tweix since 2006. IMO Mr. Davidson and team consistently have provided good risk/return performances over multiple time frames and cycles.
One nomination's mildly amusing however: For Fixed Income Manager of the Year: "Fixed-Income Investment Policy Committee, Dodge and Cox Income"
I like when a fund is committee managed rather than by some lone cowboy riding into the sunset. You have a better chance of continuity in the event the cowboy falls off his horse.
Seems I have a horse in most of these races. Should I divest if they win?
I believe that his management skills have added value in excess of the fees paid. I'm also in Primecap and have been for almost 20 years. I think they received this award in the past.
Second part: Dunno. I wouldn't sell - but wouldn't be pleased either. I've worried about the "popularity effect" for several years with PRWCX. Haven't sold, but keep only a small % of assets in that fund. Lagged noticeably last year. The ingredient that's hardest to figure out when thinking about the effect of money flows on a fund is how much of the AUM is relatively stable (committed for the long term) and how much will flee when things turn south. It's the rapid flow out during hard times that can really ding a fund and damage those who remain behind.
As an aside: If you like timing, one might try to ride a fund higher as the popularity grows and than bail about the time the popularity begins to wane. I'm pretty sure I've seen evidence in the past that some big investors do follow fund flow data with precisely this intention.