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Do you do John Wayne too, Charles?
In this house, putting some cash back to work, adding incrementally to existing funds ARTKX, WAFMX, PRBLX, and MAINX; and giving some thought to WAGOX vs. ARTWX, HYLD, NABAX, and making MWTRX my one-only core bond…
Art, thanks for the note about GOBAX. Just spent 20 minutes looking into it, and it at least deserves a spot on the watchlist. Like you say, that A-class load-waived deal at Fido could be a game-changer.
Reply to @STB65: STB, it hasn't been around for 3 years, and the strategy is more on the defensive side, so you wouldn't expect it to top the charts after a year of all stocks going up and up and up.
Reply to @David_Snowball: That is the way it works. At one time, I held APPLX direct, before it became available via supermarket, and the E.R. went up (from memory here) from 0.96 to 1.25. I called to ask what happened, and was told that was the pri…
Reply to @VintageFreak: As in Charles's screen shot, the TF is "up to" $35. It's $20 (each way) if you have $50k in V. funds or etf's.
A lot of people don't like 6-month redemption periods, thus the reminder in the OP.
Reply to @AndyJ: Followup on NABAX at Fido: the fund prospectus (p. 36) contains a provision for a "contingent deferred sales charge" of 1% for shares held less than 18 months (!!) purchased load-waived (with additional language that makes it somewh…
Reply to @mrc70: Good idea; that'd be an excellent fund. To pull it off, though, Price would have to hire some new foreign stock managers. Their existing ones are mainly growth-oriented, and mediocre at best.
I've been half-arsedly looking for a g…
Reply to @Charles: Charles, did you see this little tidbit in the ARLSX report? They're saying shorting is getting to be a crowded trade and returns from it may be weakening. I don't get exactly how that works, but it sounds a little ominous for L/S…
Slick, if you want to go conservative in developed ex-U.S., the FMI fund FMIJX is in that ballpark ... curmudgeonly skeptical of the big rally in the face of slowing global growth, selling stocks that've done big runups, holding some cash, staying w…
Reply to @MaxBialystock: Max, Andrew F. has already done the spreading; the fund is weighted in Asia almost exactly the same as the EM index. (But a chunk of that exposure is developed Asia, so you could say he's underweight EM Asia.) Most of the re…
Looks like an excellent core/intermediate bond fund; it's actually positive YTD, and not many can say that. Interesting collection of funds in that family, too ... unfortunately, not available to this kid (in Vanguard & Fidelity brokerage accoun…
Reply to @scott: The A-share class of the Neuberger absolute return fund is NABAX, and it's load-waived & NTF at Fido too.
Took a quick look at the up/down capture ratios of L/S funds ARLSX, NLSAX, and PMHIX on M*: the only directly comparable…
NLSAX is load-waived and NTF at Fido. Never heard of it before, but I used to have some $ at Neuberger-Berman and thought they were a good shop. Then they went all load on us, but with Fido waiving some funds' A-shares' loads, N-B becomes an option …
Reply to @VintageFreak: As he says in the interview, they do the 7 yr. forecasts according to a standard methodology ... and so he's being honest with us by saying he's not sure the standard methodology captures everything that's churning in the EM …
Reply to @scott: According to the M* analyst report, PCLIX/PCLDX has some limited flexibility to stray from its index, over- or under-weighting by a few points as they see value. No idea how that compares with Highbridge's flexibility ... but PCLIX …
Reply to @Mona: Not Kenster, but I'll throw in my $0.02; I own them both in a 50-50 split. They both use a moderate, very disciplined value style and most of the time, they've got at least some overlap in individual names. The ways I see them as com…
+1 on PCLIX, per claimui ... I'm not in commodities now, but if we ever get to the late-cycle stage in this recovery before we get another recession, that's the source of commodity exposure I have in mind.
Reply to @golub1: Pimco has PEFIX, apparently a total return version of the RAFI EM approach; not the simplest strategy in the world, and I haven't researched it in any depth.
Unless you're specifically after a RAFI product, "fundamentally weighte…
Reply to @Charles: Yup, I can see safe bonds getting hit on earnings reporting, but not necessarily risk-on bonds and stocks ... but I guess stocks could be just digesting the latest high.
Reply to @claimui: He started heading into those names months and months ago, which was the nail in the coffin for me ... sold it all early in the year. Several analysts/managers this year (Rich Bernstein on Wealth Track two weeks ago being the late…
Oh boy, it's another one of the "everything gets killed" days; guess we're not done with those. Only thing in stocks or bonds I see up is tech, which looks like just a handful of stocks up a lot, including Apple and EMC, both up > 5%.
TE Connec…
Reply to @Heathbob: AF answered a question on just that on the conference call last Thursday, basically saying it won't happen anytime soon, and would only be if they figure out some other strategy that would work as a mutual fund. It's a tiny shop …
Reply to @TonyGstring: Hi Tony, ARTKX is great, but you're getting a lot of the specific stocks in ARTGX, not just the investment style alone. Last I checked on M* stock intersection a couple of months ago, the overlap was 22 stocks (of 45 in ARTKX …
The team did spend several minutes explaining the two LA materials positions (SQM and Vale), which accounted for 40% of the fund's Q2 losses, while LA overall accounted for 75% of the losses. Basically, they were considered quality businesses with g…
Thanks, Charles, I'd registered but spaced that it's today.
I'll be interested to hear if AF expands on the Q2 narrative concerning the source of losses during the quarter -- he says two Latin American mining/materials stocks were responsible for …
No reputable economist agrees with much of anything Arnott has to say on macro, which is almost entirely ideological. However, his AA (not AA-AA, which the linked article is about) is a decent mashup of the various Pimco credit strategies, with a sm…
Reply to @MaxBialystock: Come out west sometime too, Max. BC is some of the most amazing country on the continent, and Vancouver and Victoria are terrific cities.
Hadn't heard of it, but any fund that charts better than Vanguard Wellesley Income over just about every time period ... which it does ... has to be pretty good.
Reply to @Hogan: Ottawa ... don't miss the Canadian National Museum & the Parliament building, right across the river from each other. The WW-I memorial in one of the upstairs towers of Parliament is a real tear-inducer.
Reply to @scott: ECON is run as a concentrated, cap-weighted index (30 stocks), so yep, it's got at least some risk of overvaluation in the top names. Pretty high P/E for an EM stock fund, too ...
I have Bespoke Investment Grp's page on SA bookmarked, and check it fairly frequently; otherwise, I don't spend any time there for the reasons cited. (There are other actual pros who post decent analysis there too, probably as part of the free conte…
Reply to @GregFromBoston: I knew my partial career as a writer was headed down the tubes the first time a guy called and asked me to be a "content provider" for his tourist-oriented web site, and offered "exposure" rather than actual, you know, pay.
