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Does MFO premium have charts of mutual funds and CEF total returns, taking into account dividends? This is especially important for bond funds. For me this was one of the reasons to visit Morningstar so often.
Maybe they want to go beyond Asia? Here is from their prospectus: Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the co…
It is interesting that this fund reopened now, after a significant slow down: During the last 1/2 year it reached a plateau with almost zero slope (no return). The only time it happened in the past it was in 2015, see M*
According to the announcement, "Effective January 28, 2019, the Fund is closed to investment by new and existing shareholders."
But January 28 is 9 days from now, right? So can you help us to understand whether there any reason to like this fund?
Elevator Talk: Ali Motamed, Balter Invenomics (BIVIX):
"Boston Partners Long/Short Equity (BPLEX/BPLSX), Mr. Motamed’s previous charge, is by far the best long-short fund we’ve seen over the past decade."
Mr. Motamed was a manager of this fund on…
WEALTHTRACK Episode #1429; Originally Broadcast a year ago, on January 05, 2017, unless they made a typo.
I checked; indeed the broadcast is the new one; they just written there, misleadingly, Originally Broadcast on January 05, 2017
On Chiron Capital Allocation Fund (CCAPX): They opened yet another similar fund, Chiron SMid Opportunities Fund (CSMOX), see its prospectus https://chironfunds.com/Data/Sites/3/media/docs/Chiron_CSMOX_Prospectus.pdf
I think that out of many discussions here I especially benefited from the comments by Junkster. In my younger years I did not pay much attention to bonds, so I did not know much about them. Junkster introduced me to PIMIX at the time when Daniel Iva…
I registered there. They confirmed that my data may be compromised. They said that I should contact them again on Sept. 13 (my friend received the date Sept 12) to finalize the registration.
@Junkster Wow, I should explore CPXIX, looks quite impressive. On the other hand if you make its plot since inception using M*, it nearly exactly coincides with the one by PIMIX, but PIMIX offered smoother ride.
@Junkster Your comments on bond funds always are important for me! So you are leaving IOFIX because of a rather small decline during two days, or because it is known? Of course PIMIX is much more known. My impression was that IOFIX momentum is only…
Thank you, Ted. Looking at M*, I see that PIMIX is 191.36% long and 39.90% short in bonds, so it is net 151.46% long in bonds, and 52% short in cash. In this sense, it seems that it is pretty aggressively leveraged.
I like what I see in IOFIX, but I am not a bond expert. They say: Weighted Avg. Life: 13.4yrs, Weighted Avg. Effective Duration: 1.8yrs. Can you help me to understand what does it imply for the INTEREST RATE SENSITIVITY? As far as I understand, int…
From the talk by Deshpande a month ago:
"Finally, and most importantly the employees of Centerstone have invested eight figures
in total into the Funds. There can be, in my mind, no other greater alignment of interest
than investing alongside one’s…
Comments by Morningstar on FMIJX:
"This approach has achieved a superb record with strong downside protection--a hallmark of FMI funds. Since inception, the fund has lost only 43% less than its index in down months. Current tailwinds won't last fo…
Dear Old_Joe,
Thanks for you reply. This is the epoch when everyone becomes cynical, some call it "post-truth era". As for these funds, I recall now that there was a discussion of these new funds in June Commentary, in "Launch Alert: Centerstone I…
Perhaps you did not read what I said: I took from Morningstar the sentence "Prior to establishing Centerstone, Mr. Deshpande was a Portfolio Manager at First Eagle Investment Management, advisor to the Global and Overseas strategies that comprised t…
It sounds like an advertisement, because the first two sentences were copied from the web, but the end of it was mine: First Eagle funds are famous for their stability, safety and growth. I always wanted to have a chance to invest with them, but the…
Did anybody understand the advantages/disadvantages of Investor Class versus Institutional Class shares? Usually the minimum for Institutional shares is much higher. This makes them less liquid, the chance that an investor jumps in and out become sm…
In the beginning of this thread I noted that the outperformance of MSCFX can be solely attributed to the first year of its existence when the fund was very small and nimble, and the money were pouring. Since that time its performance was nearly iden…
If I understand correctly, the funds invested there did not grow at all since 10.16.2009, see their website http://www.decisionmoose.com/Moosistory.html
If this is correct (please check), perhaps their methods no longer work for the last 6 years?
Dear BobC, how about AQR Long-Short Equity QLEIX ? It has the same managers, somewhat longer history than QMNNX, and a very similar growth trajectory? Strangely, according to M*, QMNNX has turnover 152%, whereas QLEIX has turnover 0%.
Well, I guess the situation is even less optimistic, if one trusts this scenario. If one gets dividends and capital gains distribution, one pays taxes, which can lead to yet another loss at least -1% or -2% (last few years have demonstrated that thi…
Concerning the star in the shadows JOHIX: This fund is doing miraculously well, but... 30% of it is in healthcare and another 27% or so is in tech. Is it possible that healthcare explains much of it? Of course, perhaps managers have demonstrated the…
A question to Charles? Do you compare Turner Medical Sciences Long/Short TMSCX to Long/Short funds, or to healthcare funds such as Janus Global Life Sciences JAGLX? In the last case, the performance of TMSCX is incredibly bad as compared to JAGLX.
