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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
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Field Biology.
Depends on ones time frame. These institutions must not be investing but trading for narrowing of discounts. Mine could be a minority view, but BlackRock is not going to give you a black eye when everybody is watching,
That is very good news. Seems like the federal Treasury provides better customer service than Goldman Sachs Bank. Them sending emails to your external personal email is proper. This email is in your contact information. I am glad everything work…
In investment, increasingly, speed is Alpha and it seems M* has not reevaluated its reaction function in the past 10 yrs I have come to know M*, making M* Analyst commentaries less meaningful for an active (fund) investor.
Follow up to my previous post -
Fixed interest rate on Series EE bonds currently being issued is 0.10%. I would not bother with them, even though they are guaranteed to double in value in 20 yrs because one is locked in for 20 yrs or earn practica…
Back in 2002-03, there was a lot of discussion in the media about impending hyper inflation after we entered Iraq and Afghan wars. From that time through 2020, IBonds (or inflation) disappointed. Federal Reserve repeatedly said for the past year t…
Hi @Catch22, Pl accept my apologies. I corrected my previous post to correctly address it to @Sven. Please see my revision and If it is acceptable to you, please consider deleting your reply (quoting my previous post) and I will delete this post s…
@Sven,
Did you mean to say banks defaulting on [bank] loans?
Was it Giroux’s or your characterization to call Technology equities as providing a barbell approach to defensive equities?
Thanks.
Edit: My original post was inadvertently addressed to …
However curious one might be, the incremental benefit of watching porn repeatedly is only a matter of one’s perspective - it is not everybody’s cup of tea.
Not about this thread but as a new member here, I noticed that this Discussion forum does not offer an ignore or block button to be able to skip over posters who post only to air their personal / political views, sometimes completely ignoring the fa…
I think folks interested in having an opinion re the proposed legislation should read the bill and not draw conclusions based on some reporting in the media, even financial media.
BTW, mutual funds can also avoid/minimize distributing capital gai…
I will try to understand why weighting by proportion of fund's assets makes it almost median market cap square.
Consider that in a cap weighted fund the weighting of each holding is the market cap (well, scaled by the total size of the fund). …
Yes, sometimes managers make comments outside SEC disclosures about their direct economic participation. I was asking folks to share if they are aware of such information.
I read this AM the M* analyst report for this fund. M* gives a Neutral ra…
That makes sense, David.
Since there seems to be keen interest in this fund on this board, do we know what is the max any current manager has invested in the fund? M* says more than a million dollars, which does not impress me as I think that woul…
Thanks @msf. Vanguard website is currently down. I will check their website tomorrow AM. If they wanted to report Weighted Median, I would expect them to use Weighted Median and then define. Using a commonly understood term to mean (no pun inten…
Thanks for checking @Vegomatic. I just assumed both Vanguard and SPglobal are putting out accurate info but was not able to make sense of the reported wide difference.
I googled to see in what grade these days they teach concepts or notions of r…
It is a large cap growth fund with $5B AUM. It can grow 10 fold before I would worry about capacity constraints. It has had net outflows for each of the past 9 years. If it reaches capacity constraints in the next 10 years means the fund becomes …
I think you will have to sell out of (liquidate / withdraw) EEs and buy IBonds. Check if there are any early withdrawal penalties that are onerous. Hopefully not.
Thanks @Observant1. I still can not get over that the median market cap of the current index is $169B (Vanguard port page) while that of the new index is $13B (bottom of page 3 of fact sheet at https://www.spglobal.com/spdji/en/indices/strategy/sp-…
From SPGlobal.com -
"The S&P U.S. Dividend Growers Index is designed to measure the performance of U.S. companies that have followed a policy of consistently increasing dividends every year for at least 10 consecutive years. The index excludes…
Summary prospectus announcing the above change -
https://personal.vanguard.com/pub/Pdf/sp602.pdf?2210173701
Pg 2 -
"The changes to the Funds’ target indexes are not expected to increase Fund
expense ratios. The transition may cause each Fund to r…
@LewisBraham, Thanks for the post and link.
As an edit to my previous post, I am not opposed to paying fees of any magnitude if it is commensurate with the uniqueness of the offering (I.e., where alternatives are scarce).
My only comment would be why pay for AKREX whose turnover is 4%. May be just buy the components on your own and keep track of portfolio changes. I do not understand how these mangers are able to make hundreds of million in fees for doing so little…
@mcmarasco, "What do you feel is an appropriate honeymoon?" That was my question too. It seems investors already give him an overwhelmingly good grade because half of the $5B AUM came in as net inflows just in 2021. May be the fund's 2021 perform…
Unlike previous cycles, most excesses in capital markets are self correcting in this cycle, except the elephant in the room - crypto. Unlike equities, which eventually have to prove with earnings, what will cause the crypto craze to go bust when yo…
Since Dodson left, PARWX looks less volatile and less alpha. Not long enough time to predict what the future could be but one hopes Hwan does not go overboard with tinkering the previously winning formula. Obviously, he will do what he thinks work…
A lot of economists practice some form of market timing in making themselves relevant and popular. If you are looking for outside the box thinking for solving social and economic problems, Raghuram Rajan’s works might interest you. His views and pr…
There were doom and gloom economic projections with potential y2k problems and stock market marched through that, similar to the current problem of pandemic. So, may be there is a similar big capex or other spending going on or anticipated. I do n…
I have not read the article for nuances but looking at the table posted in this thread, why are somewhat duplicative profits and dividends stated as separate factors? I would have thought corporate profits would subsume dividends. If they are comb…
