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.
Billions of dollars have left the fund, and Herro has led it into a patch of dreadful under-performance. It is a difficult fund to own because its middle name is "volatility." That has pretty much always been the case. I don't own ARTKX but I hav…
"Still believe the market will hit 3000 by year end, but a bird in the hand is worth two in the bush. I done very well over the years, and can now completely relax and enjoy the fruits of my labor."
I find this remarkable because "enough" is such a…
Remember ARTWX? Probably not. Another small cap fund managed by Yockey/Hamker. Didn't last long. Artisan pulled the plug on it when it failed to perform/pull in assets. Hard for me to get comfortable with that firm's way of doing business.
I find M* useful for comprehensive historical data which they do not own but collect and collate nicely. I categorize the editorial content as "entertainment."
"Morgan Stanley last year decided to ban its financial advisers from selling clients new positions in Vanguard mutual funds, the Journal reported. Merrill Lynch has long had such a policy for its advisers."
Way to put your clients' interests first.
Let's see: the S&P 500 appreciated about 220% (including dividends) during the Obama term in office. Does that mean he gets all the credit for that? How bored does a journalist have to be to come up with these screwy stories? Who in their rig…
A few years ago the fund was closed and shortly thereafter it entered a period of extreme volatility. It can be a difficult fund to hold onto (speaking from experience). We'll see how many of 2017's new investors stick around should things get dic…
Given current 10-year Treasury yields I'd say it's right on target. The only way to double that yield (i.e., your 5% notion) is by taking on a lot more risk. You might be comfortable with that.
The managers of FMIJX have stated they do not want the merits of their investment choices "diluted" by currency exchange factors, and there's a certain logic to that stance. Wonder whether the fund's many new shareholders understood the role hedgin…
Five years' worth of expenses might make sense if that advice applies to someone who has reached retirement and the sum is net of all other income (e.g., pension, Social Security). Perhaps that's what was meant.
Famous for being wrong. One day he'll be right but since his investors have lost 45% of their principal over the past ten years, while the broad market has appreciated by over 100%, it won't help them much. The fact that he continues to make 'news…
OAKIX recently re-opened to new investors while FMIJX is about to close. Both describe themselves as value funds. One seems to be finding values while the other can't and has accumulated a large cash stake. Go figure.
The boatload of new assets have resulted, thus far, in an increase in OERs and a slackening in relative performance. I own it; I'm not thrilled. Big paydays for Met West though, I'm sure.
In light of the fact that OERs for all Oakmark funds increased from 2015 to 2016, while AUM dropped, one can understand the rationale underlying this change.