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.
On the "$500 or less," proceed with caution. The list is significantly out of date and prone to load funds. A shorter and modestly more-current list of no-load fund families with reduced minimums is at our (sadly dormant) sister site, Mutual Fund …
Thank you, sir! I am making inquiries with the Little Book crowd. Ed has a friend who wrote one of them and he was going to ask, at an upcoming lunch, about the process. If anything interesting transpires, you'll be among the first to know!
David
The yield is strongly affected by asset growth. A few months ago the fund was small. It invested cash into securities. Those securities may be generating a large income stream, but that stream is now being divided among many more shareholders. …
We've twice profiled the fund: Artisan Global Value. And I own its sibling, Artisan International Value. It's about as good as they come. Active share of 90.5, since we've been mentioning such things.
David
The Total Stock Market Index over the past five years. I'm trying hard to feel panicked but have mostly managed "mildly curious about whether interesting opportunities are finally emerging."
David
Not that such things should make me slightly nervous, but they do. They've made some adjustments to the Amazon Associates program, which haven't greatly impacted us but I am keeping an eye on them.
The data is presented in the fund's Statement of Additional Information, along with the ownership stake (if any) of the members of its Board of Directors, the names of the major shareholders (often 3rd parties or institutions) and the aggregate owne…
Yuh. They contacted me. They'll invest only in "pure play" 3D and additive manufacturing stocks. The list is here: https://3dprintingstocks.com/3d-printing-stock-index/. Per that list, there are seven stocks to choose among.
Reply to @rjb112: Artisan has a particularly good record for closing their funds before they become unmanageable. Currently Small Cap, Small Cap Value, International Small Cap, International Value, Mid Cap and Mid Cap Value are all closed.
In gene…
According to the SAI, Messrs Samra and O'Keefe are managing about $12 billion in assets. They pretty much have one strategy which has two manifestations: global value and international value. I'm afraid I don't have the breakdown between those two…
I'm not entirely sure what "world allocation" means for you. Are you looking for a global multi-asset fund (like Fidelity Global Balanced or Northern GTAA) or are you actually hoping for a pure "we'll go anywhere we see opportunity" offering (a la …
Ummmm ... here's the synopsis.
The guy who sells EM sector funds thinks it's time to buy EM sector funds.
The guy who sells specialty EM indexes thinks it's time to look to ETFs that work with specialty EM indexes.
The head of EM strategy at SocG…
These people give me a headache. The speaker on the video is not an EM investor. He runs an ETF-tracking website. He announces that if you'd invested in the iShares EM ETF (EEM) seven years ago, today you'd have earned "precisely nothing... that's…
"Another round of extreme selling today ..."
At the moment, the "extreme selling" in question is a small fraction of one percent of the most hard hit of the major indexes.
I have the same reaction to the near-hysterical headlines about the emerg…
http://www.ft.com/cms/s/0/cd4170ca-8708-11e3-aa31-00144feab7de.html#ixzz2rck4EYoE
"Mohamed El-Erian did something last week that other people working in finance should consider copying: he quit. . .
The gruelling hours were even more important [t…
Four, according to the article:
"(1) a resurgence of fears over a hard landing in [China], the world's second largest economy
(2) Argentina's decision to abandon its policy of intervening in the foreign exchange market
(3) ongoing concerns over th…
The Hussmann funds all posted nice gains and are all up YTD. Forward Credit Analysis Long/Short, under its new PIMCO team, also made a solid gain - up nearly 0.7% on the day.
David
Here's the text from our profile:
The plan is for Global Reach to function as a sort of master portfolio, holding all of the stocks that the firm finds, at any given point, to be compelling. They estimate that that will be somewhere between 300 and…
For what interest it holds, I celebrated today's carnage by adding GPEOX to my Roth IRA and adding to SFGIX. I'm bad at timing but decent at moving toward the sound of cannons.
David
They are:
US Opportunities - the domestic small cap segment of Global Reach
Global Value - the "fallen angels" stocks
Global Microcap - the portfolio's smallest
I spoke with Grandeur Peak's president yesterday. He allows that they might launch t…
Hi, tp!
And welcome.
Here's my first rule of investing, for what that's worth: invest in what you understand. Rule two: don't invest until you understand.
In general, the problem of bad investors is worse than the problem of bad funds. "Bad inv…
Welcome back, and congratulations! I'm hopeful that PT Jr. brings you much joy and few diapers. I still recall Will's almost unearthly ability to produce . . . oh, let's talk about funds instead.
Tell us a bit more about what "growth and income" …
for what interest it holds, here's the note on the fund from our January issue:
Artisan High Income Fund will invest in high yield corporate bonds and debt. There are two major distinctions here. First, it is Artisan’s first fixed-income fund. S…
The author announces, without supporting argument, that "active management is arguably the best way to go when investing in emerging markets" (the SPIVA data isn't supportive here) and recommend Harding Loevner EM (HLEMX) and Thornburg Developing Wo…
Reply to @Ted: You're quite right. Its standard deviation is lower than its peers by about 100 basis points but its returns, over five years, trail by 170.
There are a fair number of solid choices in the group, including Vanguard STAR (VGSTX), F …
Hey, golub.
I'll start by noting that the 88% Ted refers to is a breakdown of the fund's bond portfolio, not its stocks nor its overall.
Roughly speaking, the fund is 30% US equity, 30% international equity, 40% fixed-income and cash. That repres…
"The sky is falling!" is great for generating attention.
William Blair EM Small Cap, on which I'm working now, is yellow and up 12% in 12 months. Seafarer is blue, down 0.7%. Amana is green, down 3.2%. The E T F he mentions is orange, down 7.5%. …
Carl Richards, who covers finance and behavioral finance for them.
The set-up:
"According to the research firm Lipper, from 2006 to 2012 we withdrew more than $450 billion from United States stock funds. Then, in 2013, someone flipped a switch, an…
A sad outcome. About a year ago (5/25/12), Harbor fired the original sub-advisers (something they rarely do) and brought in the team from Causeway to try to rescue the fund. Since the conversion, it's been a clone of Causeway Global Value except w…
The fund made a capital gains distribution of $4.97 a share. Assuming that you have your account set to reinvest dividends and capital gains distributions, that money immediately went to buy more shares of the fund for your account at the new, lowe…
Hi, slick!
Here's the formula, from M*:
Funds are ranked within their categories according to their risk-adjusted return (after accounting for all sales charges and expenses), and stars are assigned such that the distribution reflects a classic be…
Reply to @rmt: I hope I didn't goof your post too badly. The link you embedded didn't resolve into an image, so I replace it. I'm afraid I couldn't figure out how to do the legend for the image, though.
David
Pssst ... it's BlackRock and Goldman Sachs, particularly their "strategic income" funds (BASIX and GSZAX). Goldman seems the one least likely to give you a good night's sleep, which raises interesting philosophical questions about the role of fix…
