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.
FMILX was a mutual fund. Just dropping X made it into something bad - lookup "FMIL slang". There are several strange or funny or cute tickers, but this didn't seem to be that. While at it, Fido made wholesale changes to format FFxx.
Yogi: Fido chang…
I returned to EM after shedding a number of EM funds during the crash. Funds like APYDX, MITEX, MIAPX, FSEAX, etc. exploded going into 2021 before they crashed back to earth. I didn’t sell quickly enough, but still banked a decent gain.
I now own F…
Chang,
Why you added Grandeur Peak funds in this category?
I am still in their Global Opportunity fund and wondering if I missed any important information (like manager departure, etc.). I know their primary founder went on a sabbatical or somethin…
Matthews Funds and Third Avenue are the two biggest failures in the last couple of decades, followed by Grandeur Peaks (damaged, but not fatally) and IVA (a sad case).
TAVFX only has $733m new (per M*) - it once was > $5-7bn (?) when Marty Whitm…
Up until 2017, TEI would have been well ahead of all the top OEFs. However it has faltered since then. Approx 15% leveraged; yield > 11%.
https://www.cefconnect.com/fund/TEI
I too have been hiding out in MMs, 3/6 month T-bills and RPHIX since early into the Great Bond Meltdown. I didn't sell at the top, but started shedding IT/HY funds one by one and missed the worst of it. I've said (too many times already) that I didn…
Sad story for a once respected outfit. A steady stream of manager resignations, introducing the I-class chares with a $3M minimum and raising the investor class expenses (then later dropping the $3M to $100K), the failure of MAVRX (Asia Value), the …
Owning an extra fund or two can be an aid to prevent excessive trading. An undisciplined investor who owns only one fund (to cover a major asset class) may be tempted to trade and constantly chase better performing funds — almost certainly leading t…
The following funds are currently being considered.
Seafarer Overseas Value Institutional (SIVLX)
GQG Partners Emerging Markets Equity Inv (GQGPX)
Artisan International Explorer Advisor (ARDBX)
Fidelity International Small Cap (FISMX)
I welcome an…
No offense to Russ Kinnel, but he's been writing "news" pieces like this for 20 years, and I have yet to read anything that did not make me feel dumber after having read it.
My impression has generally been that Japanese companies don't really care much about shareholder value.
See this recent article:
https://www.reuters.com/markets/asia/investors-seek-break-through-japan-incs-value-trap-2023-04-20/#:~:text=Japan's s…
Boneheadedness? You can’t touch this. A couple of years ago, when I had a TDA account (now closed), I had an excellent Hermes Federated MM fund that paid the highest yield around (MMPXX maybe, I don’t recall). One day I was moving spare cash into it…
See Vanguard exceptions to foreign tax reporting here:
https://big-bang-investors.proboards.com/post/38655/thread
Excerpt:
Vanguard's 1099s do not include foreign taxes paid for many funds, such as VT (Vanguard Total World Stock ETF), VGWAX (Globa…
@Derf "I believe IRA's are not eligible for credit or deductions for foreign taxes paid on Fed taxes. That's why I'm moving to taxable account. Correct me if I'm wrong."
You are correct. Brokerage 1099s usually show foreign taxes paid (there are so…
Eponymous funds are hard investments. Muhlenkamp was bequeathed to Ron's son, and has been vastly better without him. Akre Focus was the outgrowth of one betrayal of Chuck Akre by his analysts; he intensely prepped their successors. By MFO Premium's…
M* used to have some great tools:
- Charts with rolling returns (customizable)
- Returns of entire asset classes / categories over various time frames (1 month to 5 years)
- Brokerage availability of mutual funds / share classes showing TF / NTF
a…
Surprisingly, GP's version of events concerning First Republic doesn't contain so much a shred of admission that they made any kind of error.
"Our very selective approach to investing in Banks led us to own First Republic at portfolio weights …
Agree that GP had a great start as a splintering off from Wasatch, but went downhill. As recently as 18 months ago, Mutual Fund Observer gave 4 GP funds "Great Owls" and wrote:
"In general, your portfolio would really benefit from holding one Grand…
