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.
VMVFX grabbed my attention in 2019.
The fund generated category-beating 5 Yr trailing returns with considerably less volatility.
The relative performance for VMVFX deteriorated from 2019-2021.
Like most factor funds, minimum volatility funds will pe…
M* is the provider for Yahoo's performance tab data.
Considering the data source, it does not surprise me that some posters have discovered inaccuracies.
PIGLX generated lower 5 Yr., 10 Yr., and 15 Yr. returns than PGBIX.
The fund was also more volatile and experienced larger drawdowns.
Investors were not rewarded for taking on currency risk.
Total net assets for the PIGLX strategy were $195 MM as of…
Investors need to be mindful regarding M*'s fund category classifications.
Some funds don't fit neatly into one of the available fund categories.
Here are some quick examples that I recall:
NEWFX - classified as diversified EM fund; averages 1/3 ass…
I like the idea of using a couple of target date funds as benchmarks.
I use VTHRX and TRRWX for reference since these funds' asset allocations
and assumed retirement dates roughly correspond with my personal situation.
Alternatively, I could use a c…
I don't have a clear preference for any specific growth funds with less downside risk than category peers.
AKREX (Class I: AKRIX) seems like a good choice but its expense ratio of 1.3% gives me pause.
CSIEX (Class I: CEYIX) has performed well since…
@Hank,
I enjoy viewing The David Rubinstein Show.
The show has interesting guests from various walks of life (business, arts, philanthropy, politics, etc.)
Mr. Rubinstein's thoughtful interview sessions are insightful.
GQG Partners has grown quickly accumulating $90.4B in AUM (10/31/2021) in less than 5.5 years.
Rajiv Jain serves as GQG's chairman and chief investment officer in addition to running several funds.
Are there any concerns about the firm's rapid grow…
"The firms that offer a wide array of strategies and more-nimble funds performed admirably in this year’s Barron’s Fund Families Ranking, which looks at the one-year returns of how each fund company’s actively managed funds performed, based on data …
If the charges are true, Mr. Velissaris has a brazen disregard for the law!
I'm somewhat surprised that he was able to avoid prosecution for so long.
Mr. Velissaris allegedly engaged in this fraudulent scheme from at least 2017 through February 2021.
I'm a proponent of clean energy but oil and gas will still be needed in the near future.
You're absolutely correct that some people are/were overly optimistic regarding the
timeframe needed for the transition to clean energy.
I knew that Ron Baron was really fond of Tesla.
However, I didn't realize that Tesla comprised 50% of a Baron fund.
Yikes, that's a bit too risky for me!
@yogibearbull,
I'm not very familiar with technical analysis.
How reliable of an indicator is the 50-Day / 200-Day SMA death cross?
Do you know if there were death cross patterns for the S&P 500 prior to sell-offs in 2000 - 2002, 2008, 2018 Q4,…
There are many current issues in the U.S. / world which are making investors nervous.
It's difficult to remain optimistic due to inflation, future rate hikes, COVID-19, potential invasion of Ukraine, etc. However, we have little control over these i…
Typical reaction by certain politicians and "talking heads."
They provide few constructive ideas/policies but attempt to sow division among the population.
I've lost count of all the laws this guy has broken.
It's unfortunate that the rich and powerful can get away with all this s**t.
With cases pending in New York / Georgia, maybe the long arm of the law will finally catch up to him?
This is a man who…
Some Vanguard funds have one subadvisor, i.e. PRIMECAP and Wellington, while other have three or four subadvisors. Instead of replacing those don’t do well, Vanguard likes to add more.
Back in the 90’s, Litman Gregory launched a series of Master…
Well, sure, but I suspect that for those funds which have outside advisers, Vanguard is purposefully slotting multiple managers, not just to provide diversification of returns, but as a very clever means of controlling costs: If a fund has 4 manag…
Thanks for the reminder about PURIX.
"Publicly available information on Fisher's funds and strategies showed mixed performance.
The Purisima Total Return Fund, for example, returned well under half of the S&P 500 Index
in its final 10 years bef…
@Mark,
Thanks for the link.
Market prognosticators make predictions that are often forgotten by investors.
These individuals' past prediction history can be very revealing.
The majority of "gurus" listed on the Guru Grades site have an accuracy ra…
Jeremy Grantham recently predicted that U.S. markets are in an epic "superbubble."
He very well may be right this time.
However, Mr. Grantham has often been bearish during the past decade.
Investors who implemented portfolio changes based on his pre…
"For years Meta has been one of the largest stocks by market cap and one of the most widely held names by mutual funds, and a handful of them have particularly large weightings in the company in their portfolio.
We looked at which funds invested the…
I think golub1 is correct. The only way to get there is to build your own. But it sure would be nice to have 1 well managed international balanced/allocation fund doing the work for you.
Still unbelievable to me that a 60:40 balanced type fund usi…
Vanguard often has too many subadvisors for its active funds.
I prefer only one or two subadvisors on a fund.
I don't like it when there are "too many cooks in the kitchen."
It does seem like some Fed officials have been jawboning.
This is a very difficult environment for bonds.
The fixed-income portion of my portfolio is in short-term bonds and a Stable Value fund.
I really dislike bonds now but it wouldn't be prudent…
M* indicates that BIVIX has a net ER of 2.84% and an adjusted ER of 2.24%.
I personally wouldn't purchase a fund with an ER > ~1.25%.
Many alt funds are too expensive...
"Vanguard’s target-date series is making headlines this week because of an unusually high capital gains distribution that has riled investors in taxable accounts and drawn scrutiny from regulators.
It has sparked debate over whether target-date fund…
VONE is the Vanguard Russell 1000 ETF.
ANNPX invests primarily in U.S. dollar-denominated convertibles.
Since these two funds are vastly different, why compare them?
