Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Several years ago, Michael Kitces put together a post on his blog site dealing with different measures of duration (duration, ave. duration, weighted ave. duration, etc.) and what each statistic would do for you and what it wouldn't. I marked it, …
In some publications, this article now would be called a "sponsored review" and kept segregated (or maybe not) in the online pub's table of contents. They still leave it up to the reader to figure out what, exactly, "sponsored" means. Must be at lea…
Remarkably, Palin-esque. :)
You are denying the right (or is it removing standing?) of an entire class of people to determine the meaning of words as they see fit. That's just unfair, prima faciae.
http://doubleline.com/global-infrastructure/
What the(ir) story is (whether you "buy it" is up to each and his/her own circumstances):
http://doubleline.com/dl/wp-content/uploads/Infrastructure-Core-Solution.pdf
http://www.doublelinefunds.com/wp-c…
RiverPark Funds
riverparkfunds.com/downloads/8401_Distribution%20Info_2016_Website_ESTIMATED%20(3).pdf
This has been updated from prior preliminary versions.
Yup, it's currency effects and some bad carry trades being unwound, far beyond my pay grade to fully understand:
http://www.bloomberg.com/news/articles/2016-11-11/carry-trades-collapse-as-emerging-market-yield-advantage-shrinks
The duration effect …
Re. EM bonds, last night I took a brief sachet thru yesterday's field of damage, and it looked like the extent of any MF's swoon was correlated with its ave. duration, generally speaking, as you would expect it to do. I didn't note a single exceptio…
I think I'm going to go with the Dumb Alpha strategy for awhile longer, with things being as they are.
https://blogs.cfainstitute.org/investor/2016/11/01/dumb-alpha-do-the-right-thing/
Russ Kinnel feels very strongly about this, and it looks like he's gonna keep after it. For an earlier back-and-forth on the matter, I kept this one:
http://beta.morningstar.com/videos/680232/Does-Manager-Ownership-Lead-to-Better-Fund-Performance.ht…
@LewisBraham asks: What is everyone here so afraid of?
https://blogs.chapman.edu/wilkinson/2016/10/11/americas-top-fears-2016/
https://www.bloomberg.com/features/2016-america-fear/
[WARNING: you must be at least 12 y.o. to visit]
(1) ytd, I think it would be fair to say that performance has been below the expectations of most investors in the fund;
(2) he has said, on numerous occasions, almost since inception in fact, that DoubleLine would consider a soft close for this veh…
@davidrmoran
Well, to be a bit more specific, it appears you might be suggesting that Dan is using the "Chewbacca defense" here. Now that's over-the-top funny!
https://en.wikipedia.org/wiki/Chewbacca_defense
Here is a simple trick question, posed by Meb Faber this week, using real world data, whose answer is supportive of what @JoJo26 was getting at with her comment.
http://mebfaber.com/2016/10/26/which-investment-do-you-prefer/
And, of course, the Bond Market knew nothing about this figure until today, just like the rest of us. Yesterday was just a lucky toss by the big boys, one and all .... rrrrrrriiiight......... same old same old......
@Ted Ha! just coming here to post this one, ya beat me by the proverbial nose.
In the second quarter, that group of seven saw $34 billion in outflows. The tally is further evidence that investors, frustrated with high fees and mediocre performance o…
@bee So far, all DoubleLine webcasts eventually have had a replay option. Look for the link to it in about a week, here:
http://www.doublelinefunds.com/webcasts/
In the vein of "a fresh look" at MLPs, I was doing some semi-purposeful browsing around this past weekend and came upon a change in June re. how FSDIX will be allocated, viz. the addition of MLPs to the dvd-paying stock sleave (up to 10%, oh yes). F…
From the very last paragraph:
"Vanguard Emerging Markets Stock Index's low costs overcome concerns about country weightings," writes Oey in her latest analyst report.
I'm not sure I follow that line of reasoning. Is she saying that, if the cost of a…
For a deeper dig into CEF opportunities, I might as well add another recent link on this thread, rather than start another post:
http://blog.alphaarchitect.com/2016/10/11/digging-deeper-closed-end-fund-investment-opportunities/
Closed end fund disco…
Ringling Brothers says: ENOUGH IS ENOUGH! It is time to stop besmirching the circus' good name!!
http://live.reuters.com/Event/Election_2016/414200541
Video declaration:
https://www.ringling.com/ringling-bros-declares-circus-wants-circus-back/
“Y…
For more on the principles of swing pricing, and the different ways it can be applied:
http://www.alfi.lu/sites/alfi.lu/files/ALFI-Swing-Pricing-Survey-2015-FINAL.pdf
The agency also voted 2-1 to allow open-ended funds, not money market funds or ETFs, to use swing pricing, effectively letting asset managers pass on trading costs to investors who redeem. The change permits funds to cash out investors at less favor…
Break....them....up!
http://www.commondreams.org/news/2016/10/13/wells-fargo-ceo-steps-down-warren-its-not-real-accountability
Meanwhile, Dealbreaker reported Wednesday on how the appointment of Sloan to take Stumpf's place was not exactly reassurin…
"Simply put, front-row investors run the world, while those in the rear are barely surviving."
http://tonyisola.com/2016/10/too-many-americans-invest-from-the-back-row/
Here are some stark contrasts between those at the front of the line and the maj…
@Sven The e-mail notice I received is for the OSTIX teleconference on the 11th as well as for the OSTFX and OSTVX webinar on the 26th--- "Replays will be available approximately a week after the discussions," it states.
@AndyJ I may be able to tune…
