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.
Rajiv Jain is a very experienced fund manager who has delivered excellent long-term performance using a "quality growth" approach. His departure from GQG Partners would be a huge setback for the firm and represents substantial key-man risk. Another …
The Vanguard fund search is poor, I believe, because Vanguard wants you to buy only their funds , move to Mongolia, never use customer service, and never exchange or sell your Vanguard funds until retirement or later! (only being slightly sarcasti…
Could be a preference for San Francisco over Salt Lake City. I’d fit in better in the former, FWIIW.
This is very plausible.
Her former employer (Mathews) is headquartered in San Francisco while her new employer (Seafarer) is located in the San Fran…
I switched to VHT when Owens retired. Much happier without dealing with the 60 days holding period. Not easy to find good active managers for healthcare/ biotech funds.
If I was seeking a dedicated healthcare fund, I might consider FSPHX.
Managed by…
No one can predict how stock markets will perform in the short-term.
This is especially true now with all the present known unknowns.
I think stock markets will remain volatile in the coming weeks/months.
It is worth knowing that Dan Weiner who has published the Independent Advisor for Vanguard Investors (for decades), long ago felt Hynes was doing such a poor job running VGHCX that he advised his readers to sell it and just use the Vanguard Health C…
I haven't looked closely at VGHAX in a while.
IIRC, the fund performed well under Edward Owens.
It's performance has been about average during Jean Hynes' solo tenure.
Ms. Hynes is the only named manager for VGHAX and she also became Wellington CEO …
I've read numerous stories about the imminent death of the 60/40 portfolio during the past decade.
All these prognosticators were wrong.
I realize there has been much turmoil in both the stock and bond markets recently.
So, perhaps 'this time is di…
Regarding option #2 - Transfer previous 401(k) to new 401(k).
Since you have to sell all positions, this is a risky move in the current volatile market environment.
I have the same concern for option #3 if assets can't be transferred in-kind into an…
Thanks for the info ProtonAnalyst33.
I recall that Robert Harvey and the global CIO left.
The global CIO departure after a very short tenure was highly unusual.
@BaluBalu,
You may already know this - T. Rowe Price launched Blue Chip Growth ETF in 2020.
The ETF has an expense ratio of 0.57% while the mutual fund charges 0.69%.
I've owned Matthews funds (MAPIX, MAPTX) previously and believed Matthews was an estimable firm.
Lydia So and Rahul Gupta left the firm in April 2020.
Tiffany Hsiao, YuanYuan Ji, and Beini Zhou left August 31, 2020.
These PM departures occurred with…
Mr. Grant's outlook has generally been somewhat pessimistic over the years.
He currently contends that he is not being pessimistic.
Ptak: "So, maybe turning back to portfolio strategy, if you will, given the fact that it sounds like you're a bit pe…
This will be the first Vanguard fund, except for VAIGX ¹, where Baillie Gifford is the sole investment advisor.
¹ Vanguard Advice Select International Growth Fund, inception date - 11/09/21
Sold VUSFX a few weeks ago in taxable account to harvest tax loss.
Placed order yesterday to purchase 13 wk Treasuries at 05/09 auction.
Sold RCTIX a few weeks ago in Roth IRA account after an abrupt manager departure.
Placed order yesterday to pur…
It's difficult to predict what will happen.
Here are some of the well-known risks:
1) High inflation
2) Fed raising rates and implementing QT
3) War in Ukraine
4) COVID-19 lockdowns in China (supply chain impact)
5) New COVID-19 variant emerges and…
@Old_Joe,
Your link works fine but I can't read the entire article since I don't have a subscription to The Economist.
I can access The Economist online via my local library system.
I use various benchmarks for different categories.
U.S. Total Market - VTSAX
Large Blend - VFIAX
Small Blend - IJR
Foreign Large Blend - VTIAX
Interm. Core Bond - VBTLX
Interm. Core-Plus Bond - IUSB
I combine VTSAX, VTIAX, and VBTLX in proportion …
I've exited my bond positions this year with proceeds going to cash or cash equivalents.
I've never done this previously but the current market environment is not good for most bonds.
Eventually, this money will be invested back into bond funds (int…
Barron's has a recent article about Fidelity's desire to include Bitcoin in their 401(k) plans.
Many challenges lie ahead...
"Bitcoin’s suitability as a 401(k) investment has prompted warnings from the Labor Department, which enforces federal rule…
Investors can also use the old M* site to view other mutual funds associated with a manager. Link
The VGWAX equity manager, Nataliya Kofman, worked alongside Edward Bousa (long-time VWENX manager) on a separately managed account using the same inv…
VGWAX is a good fund which I did previously consider.
However, I have a strong preference for holding separate stock and bond funds.
I also looked at VZICX shortly after it became available.
Wellington is a great investment firm but the VZICX lead …
You're right that growth is out of favor now.
James Anderson will retire on April 30.
Current Baillie Gifford managers Tom Coutts and Lawrence Burns will continue to manage VWILX.
You mentioned VGWEX which I could not find.
Did you mean VHGEX?
Active Share measures how a fund's portfolio differs from a relevant benchmark index.
Higher Active Share scores denote more divergence between the two.
This is fine as far as it goes.
However, the creators of Active Share claimed that it predicted …
@yogibearbull,
Thanks for the James Anderson interview summary.
Mr. Anderson has been very influential at Baillie Gifford.
Funds that he has been involved with have generated excellent long-term returns.
I'm a VWILX ¹ investor and the fund has perf…
Templeton Global Bond (TPINX) was one of the premier funds in the World Bond category years ago.
TPINX was different from most World Bond funds due to substantial emerging markets exposure and widespread currency bets. The fund generated top 1% / to…
@yogibearbull,
I was looking at 5-Yr TIPS from the perspective of the breakeven inflation rate.
Except for the past few weeks, it appears this rate is the highest it's ever been (earliest data - 01/02/2003).
Per your comments, recent monthly CPI-U …
@yogibearbull,
The yield for 5-Yr. TIPS was -0.54% on 04-14-22.
The yield for 5-Yr. Treasuries was 2.79% on 04-14-22.
The corresponding 5-Yr. breakeven inflation rate is 3.33%.
Assuming yields don't change much between now and the auction date,
wou…
"Sunk Costs"
Sell, learn your lesson and move on?
Seriously. Why the hell invest outside of the USA? You can get any exposure you want by selecting certain USA co's to invest in? Example: You want exposure to high tech China...instead you buy M…
How much QT is factored into current bond yields?
QT (Quantative Tightening) -reducing the Fed's Balance Sheet- is a major market overhang issue for the rest of 2022. Tough to estimate the impact thus far to bond pricing.
Exactly!
