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JoJo26
Making tactical asset allocation tilts is not market timing.
I'm not quite sure why people love these funds that will take such high cash positions... I get the whole "hold cash because valuations aren't compelling thing," but do you really want to pay 142 bps for 90% of a portfolio that earns you nothing?
"If you wanted more of the same, you might consider DRESX, which offers hedged exposure to EM small caps" Are we really comparing DRESX to SFGIX? The two are not similar at all...
Benchmark should be either the MSCI AC World Small Cap or Russell Global Small Cap. The Fund is "Global" reach and should not be benchmarked to an international index.
The team should be more focused now, IMO. The small cap strategy was taking up a majority of the team's time as it housed probably half of the names covered by the team across the U.S. value suite, but was very limited in terms of total assets manag…
I think it's really more of a question of if you're comfortable with the type of tracking error that Artisan has. If not, then I'd agree that the team's approach probably isn't best suited for your risk tolerance. Artisan hasn't changed its stripes,…
Very little overlap from a quick glance, in terms of individual holdings. I may have missed something, but it looked like Taiwan Semi is the only name held in both portfolios.
As much as it disappoints me that I can't add to my GPEOX position, I do appreciate the focus on generating good performance and keeping assets within reason. I was concerned that GP may take that from their previous employer, Wasatch, but it seems …
Not at all. Great fund run by a great manager. EM likely going to be rocky for the foreseeable future, but over the long-term is probably a good bet and this is a manager I'd expect to add value with less volatility.
@BenWP GPEOX beat its benchmark by more than 300 bps for the year... That's a bad idea? GPGOX beat its benchmark by nearly 300 bps as well. And GPIOX finished 2015 more than 150 bps ahead... What exactly makes these bad investments?
"In big terms, the XLV added an additional $5.0 billion in market capitalization over the same period going from $12.7 billion to $18.7 billion." Because that makes sense....
The two are supposedly going to operate autonomously, but I definitely think there is the risk that M&N brings more of an asset gathering mentality and doesn't let Rainier close the strategy at a reasonable asset level.
It'd be cool if subscribers could upload a custom return stream and analyze that. Users could take a look at how their overall portfolio performance shapes up.
2.5 years and couldn't really get much traction... Only ~$60 million. Probably felt there wasn't enough money going into global small cap strategies and the $ that is...... Well, we all know where that has been going.
@briboe69
@jojo26
It is no different than someone allocating $5,500 a year ($458.33 per month(less than 50 yrs old)) or $6,500 a year ($541.67 per month(more than 50 years old)) for a roth retirement account. If you fully fund your self directed …
Where do you people get the $$ to invest $500/month ($6000/year) in a micro cap fund, which shouldn't be a large allocation of one's overall portfolio!
When you are talking about the maximum allocation, I'm assuming you mean to individual investors and not institutional? My guess is that there is an institutional client (or clients) that will be getting a good chunk of the allocation.
I'm expecting there will be a fair amount of overlap. IMO, the micro exposure in Global Reach is enough for most investors to have allocated to the space.
I get where you're coming from and definitely don't disagree with the argument for 1) allocating to small/micro caps (to harvest the "small cap premium") and 2) going active in the space - tons of inefficiencies for good (and even average) managers …
My concern doesn't have to do with the track record. The guys at GP have a long history of managing money globally on the smaller end of the market cap spectrum. However, paying 2.00% is just outrageous, IMO. Micro caps probably shouldn't be a large…
Is it available at TD Ameritrade ? I checked Yesterday and TDA does not recognize this ticket symbol. What fund are you asking about? All of the GP funds that have launched are on TDA, however, they are all closed except for the newly launched Stalw…
maybe it's just me, but I would never hold > 10% of my portfolio in just one fund. Why is 10% your number? I don't like holding more than 10 funds in total, which means I'll certainly have a few funds over 10%... IMO, at 10+ funds the marginal be…
