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.
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.
