I'm a long-time investor in FMIJX/FMIYX, from the launch. I have profited very well from my investment to this point, BUT, I was a bit dissapointed in 2017's return, 98th percentile and now this year, albeit only 2.5 weeks into 2018, again 98th percentile.
I am beginning to lose a "little" confidence in FMIJX. Obvioulsy, we are only talking about the past 13 months or so but the direction is trending down.
I still like the overall metrics and investment philosophy, but something is just not clicking.
Outside of the dollar hedge not working, does anybody have any thoughts on what might be holding back this historically excellent fund?
Are you losing any confidence in FMIJX? If not, why not? If so, why so?
Thanks for any thoughts, suggestion and opinions!!
fyi, also posted on M*