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.
I looked up OMFL as I did not come across that ETF. Pretty interesting and another of good Invesco product. 6 year old and has $6.5B AUM. "The Fund and Index are reconstituted and rebalanced based on economic indicator signal changes, as frequent…
"Customers purchasing these ETFs and mutual funds will be charged a service fee of up to $100."
I am reading this to mean the fees is applicable when purchasing and not when selling which if true, existing positions should be exempt from the fees?
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Lawsuits filed.
The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing “spectacularly” to get the company off the ground and then trying to “thwart the deal.”
The lawsuit filed in Sarasota County…
Morningstar's fair market value (Q) on the stock is ... $94.96 / share.
I hope M* gets sued for the nonsense they have been peddling in the name of Q, just to teach them a lesson.
On a separate but related note, what most Americans do not know is …
AT&T has said that "the data set appears to be from 2019 or earlier", so hopefully anyone joining AT&T after that timeframe has not been compromised. Yet. Today. Maybe.
They had some 75 million ex customers' data breached. Why are not there…
I would add T to the likes of BA. I am seeing more and more companies follow BA model; it is just that when their products fail, there is no spectacular mass deaths. So, may be there is a corporate culture degradation more than we are willing to a…
@Dennis Baran, thorough and very well written. I am looking forward to the quarterly fund card and manager commentary (and to see how much cash the fund holds). Because of the low turnover, concentrated portfolio, the fund disclosures and commenta…
The burden on the fund manager is to provide all regulatory disclosures and the burden on the fund holder is to read the disclosures, manager commentary, etc. If the manager is not doing anything to prevent the holder from knowing what the manger i…
@finder Here's what I know about closure. Since I profiled the fund in February 2019, the assets in MRFOX have increased about 82%. But Elise Hoffman writes today, "We seem to have room to grow still, based on how the market has grown and the fact t…
Except for the last 10 yrs, Mr T was a democrat his entire life. He does not belong to any party but to himself. What he discovered is that the rich are not powerful; only political leaders are and can get away with anything, and he took an openin…
PRWCX was always open at TRP for 401(k) and other qualified plan accounts rollover. It is also available at TRP with higher initial minimums. So, it has not been closed in the traditional sense, just in case someone new wants to get in.
Thanks @yugo
I am an existing shareholder; just have to make sure I keep a few shares if I sell.
To current holders of VSMIX,
There is a theory that funds underperform after they close and outperform after they reopen. Pl comment/ share your ex…
Because of its methodology, MOAT ends up selling constituents too soon or hang on to value traps longer than necessary. YTD, MOAT is the worse performing of any fund I have in my watchlist. As much as I like the moat theme, it is unlikely I am goi…
Not yet enough AUM or trading volume to dip our toes in but holdings and other information is available. Since they are only a day old, not all stock services may recognize the tickers yet.
If one is inclined to actively manage MOAT, these two (MG…
As part of his sentencing the Judge ordered SBF to forfeit $11B. Does SBF have assets in billions of $? He is a big shareholder in FTX and there is value in his FTX shares - investors are already itching to buy and restart the Exchange. It is cle…
Thanks
Is it fair to assume that after (extended) market purchases in a T+1 regime may require one to keep more money in same day settle MM funds (sweep accounts) to avoid margin interest?
Are all Fidelity MM funds at Fidelity same day settlemen…
MM funds are the only ones one can safely assume to give Absolute returns if absolute return is required. I guess it boils down to how tightly one wants to control potential loss of principal.
Bottom of the bear market is likely to have the worst …
Two days of price action shows the momentum load of this fund. If risk is properly managed, the fund should not experience a complete momentum unwind. Let us observe.
Is there a large cap fund that employs PVCMX strategy? I would think employing the strategy in large caps would reduce the amount of time they would have to sit on their hands.
Also, it would interesting to see if bond fund gurus in this forum cou…
Redemption restrictions should be more of a concern than breaking the buck. If you are parking your money for a future investment that may be time sensitive, I would make sure the MM does not have redemption restrictions that may frustrate you when…
Are StockInvestor, FundInvestor, and ETFInvestor newsletters free now if you have M* premium membership? If so, could you please provide the links to them - I was not able to search for them in M* investor
@WABAC, Thanks. Yes, that is a good commentary.
I can not believe it is the $67B (small relative to the size of the market) in covered call ETF strategies that could be the catalyst for any catastrophe (as the headline reads) but the general (rob…
Thanks, Dev. Hopefully, fund managers are providing regular commentary to shareholders of evolving benefits and risks. May be fundholders can post here any such commentaries.
I understand. I was being polite but my statement applies to any one inclined to pile on because if we are saying something negative we should try to be helpful to members who may be carrying meaningful position size.
WSJ had recently ran a simil…
Thanks.
Not sure how large a position forum members are carrying in JEPI vs HELO type strategies. I think the latter kind are popular here. It would be useful for WSJ to bring detailed conversations about specific option strategies than broad bru…
Not sure how one can load up on momentum and not have higher turnover. To some extent subscribing to active management requires faith on the manager that they get more right than wrong. I have learned that if I am inclined to be active, it has to …
Buy a small amount and test it out. No short term redemption fees.
I looked at this a while ago and my recollection is it loads up on the momentum factor but definitely has had good risk control. It is more volatile than how the strategy reads …
Bloomberg had a guest that said advisers (e.g., RIAs) are required to wait 90 days from the launch of a new financial product (e.g., ETF) before adding or recommending the product to their client portfolio. Is that true? I can not find anything re…
