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If this wasn't announced before, it's really unusual for TRP ... they normally plan & announce manager changes well in advance, as they've done in recent times with PRNHX and the Spectrum funds.
PARMX is an OE mid-cap you might take a look at; nothing to add to previous posters' suggestions about small-cap OEFs. If you like the low volatility-themed ETFs that have been the talk of the town over the past year or so (like SPLV and USMV), Powe…
Reply to @scott: I saw the other day that Jardine (I think both Matheson and Strategic?) have been on a tear lately. I'd read up on them a year or two back, but never hit the buy key. My loss ... like you've said here on occasion, they're a great ca…
Reply to @rono: "... Matthews is the best house for Asia on the planet."
Yep, you can say that again. (Matthews is the best ... yeh, yeh, just a figure of speech.)
I think that's a good plan, Rono. Balances emerging and developed Asia-Pac, and a v…
Reply to @andrei: Second the motion; good question. So far the Seafarer distributions don't amount to much, but the strategy makes it sound like they could be more significant than they have been.
I have rolled over a 401k once and IRAs several times where I received the funds via a normal check made out to me, and then reinvested the distribution amount with a new custodian. I've never had anything withheld on any of the distributions.
Sta…
Igno, I can think of a few things you could do to maybe mitigate the drama if that's a worry:
* See if the administrator will ACH the funds into your bank account, which would reduce the lag time;
* Move the 401k funds into a short-term bond fund…
"Rollover" can mean a change of custodian, in the case of your receiving a distribution of funds from a former custodian and moving them yourself to a new custodian. It's often referred to as a "60 day rollover" because that's the amount of time you…
I wouldn't reduce DBLTX at this point in favor of a stable value fund yielding ~ half as much; if you follow the fund closely, you've seen that NAV movements are very little to nil with the portfolio built as it is now. If that changes & it does…
Reply to @Ted: If you've owned it for the past ten years, Ted, then you didn't pay the current price for it. It's on my buy list for the next correction, but not now.
Just another point of view, from a value/GARPy perspective ...
Dollar-denominated EM sovereigns are getting pretty well whacked; PCY and EMB are both down ~ 3% YTD, more than U.S. core bond funds. They did have quite a run in '12 ... PCY was up 20% or so.
Same reasoning reported in M* Fund Times, first story in the post here:
http://news.morningstar.com/articlenet/article.aspx?id=583113
I don't follow these guys, but maybe they learned something in 07-09?
Here's a relevant piece from the Barron's "funds" blog:
http://blogs.barrons.com/focusonfunds/2013/01/23/japan-bulls-stumble-but-investors-still-betting-on-yen-tumble/
Appears investors have already upped DXJ AUM by ~ 60% since the first of the ye…
David,
Great, great conference call; it really illuminated what they're doing at MAINX, very much to my satisfaction anyway.
I'd add to your #6 that TK said explicitly that they have no neutral position or target bands of allocation for anything,…
Reply to @catch22: From what reading I've managed to do on the subject, the key element is owning Japanese mega-cap "global brand" exporter stocks, which will make the most hay with devaluation of the yen. DXJ (WT Japan Hedged Equity) does that pret…
Hey Catch, don't know of course, but it's possible the whole fleet might have already sailed on this one on expectations, and if they don't pan out as rosily as they might, the upside from here might not amount to much.
One possible way to go woul…
Reply to @Maurice: From David's post above:
Our conference call with Teresa will be Tuesday, January 22, from 7:00 - 8:00 EST. Just click REGISTER and you'll take been to the Chorus Call website where you'll register and receive a toll-free number…
Reply to @andrei: MAINX at times has some risk-off characteristics that most straight-EM debt funds don't. Looking purely at Asia, there are quite a few days when it's up in price when Asian stock funds are down. I think it fits pretty well in a low…
FAX is a very good CEF. The other difference w/ MAINX is currency exposure: MAINX has more Asian currency exposure, and negligible Australian, at least now ... in very round numbers, FAX is 20% Asian, 40% Oz, & 40% U.S.:
http://www.aberdeenfax…
Here's a question, David:
I own a moderate-size position in the investor shares of the fund, have been impressed with the portfolio and performance, and am considering approximately doubling my investment in the fund. I'd like to get an idea first,…
Back to ~ normal page-loading speed here in the N. Rockies this evening, FWIW. I didn't change any settings between the last slow-load visit and this apparently normal one. (This was the first time I've ever experienced any problem whatsoever with t…
Seems like a good idea to moi ... all I can think to suggest would be to add the expense ratio to the general-info template, encourage the managers to write in simple English and avoid financial jargon, and clearly communicate that this opportunity …
Reply to @Hiyield007: The implication is a substantial correction during the year. Arnott, who a lot of people like to listen to, is talking about risk of recession. I'm agnostic ... but I do get a kick out of all the turn-of-the-year prognosticatin…
Reply to @Mona: Hi Mona, I'm not very familiar with either of those funds. Does PEBIX vary the currency exposure, or is it all U.S.-$ denominated? I think at this point, depending on what else you have in foreign currency exposure, I might be more u…
Interesting idea; the hangup I can see is that even if you found a manager to do dynamic allocation, and he/she was good enough at it you'd want to hire them, you'd probably pay much more for it than you do now. One thing to maybe consider, if you l…
JG's projections for total returns for 2013 for different assets are sorta interesting:
http://www.learnbonds.com/6-market-predictions-from-bond-guru-jeff-gundlach/
To sum up:
10y T's: 3%
HY bonds: 6%
MBS: 6%
S&P 500: 5%
Nikkei, the big win…
Reply to @andrei: JG's positioning in DBLTX may be as much a result of the billions upon billions of inflows over the past year as some conscious decision to accumulate cash: he probably would have been hard-pressed to put all that cash to work even…
I've had several similar questions about Lipper's tax efficiency scores in the past, and since they don't explain them, I mostly use M*'s tax pages, which give you columns of data rather than just one unexplained rating number. The "tax cost ratio" …
Not buying, but holding the moderate overweight to small caps and EAFE initiated ~ first of December ... looking at this as more or less the usual turn of the year bull run. When it cools, the plan is to underweight U.S. stocks, equal weight EAFE, &…
Reply to @AndyJ: To correct the "2013 dividend" mention in my post just above this one, Vanguard has accounted for the 12/31 dividend paid in January as 2013 income, and that's not right -- here's what IRS Pub 550, Investment Income, says on the sub…
Lots of good suggestions here; I'd just add that the WisdomTree etf DGS (small cap dividend) is a fairly decent option, too. Don't own it myself, but it's one of three EM etf's I keep a relatively close eye on.
A wee reality check: only 3+ months ago, Sept. 14-21, the S&P 500 was closing at these levels, in the 1460s. The peak closing yield for the 30Y T then was 3.09%. The peak closing yield so far in this mini-cycle has been 3.11%.
We've seen this …
Right, phil, applicable Pimco funds had cap gains 12/12, the 'bonus' dividend 12/27, and the regular dividend 12/31. The latter just showed up as paid in my Vanguard account this morning ... and it's accounted for as a 2013 dividend, fwiw.
I'd guess it'd be continuing with the funds I've been happy with for several years -- mainly PRBLX (with strategic switches to the growthier PARWX), ARTKX, MACSX, and MAPIX -- plus a couple of newer favorites from the last year or so: FMIJX and PDII…
