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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Again, her time in the barrel. We do this to fund managers. The human condition. Build them up. Knock them down.
Easier to say, ex post, but like just about every fund this past decade, hard to beat pure beta.
Return Comparison Since ARKK Inceptio…
FAIRX approaching 25 year since launch.
Interesting that we are talking about Wood and Berkowitz with similar threads.
I find the chart below fascinating!
FAIRX Flows and Return Data Since Inception (Absolute Scale)
Over its long life, it's ac…
Here's same plot but with absolute scale and since inception ... an awful lot of wealth destruction, if things end today, at least for the those late to the party. Earliest investors have still doubled their money, over 10 years.
ARKK Flows and Ret…
Cathie was the flavor for seven years ... and then 2022 came.
Amazing to me that returns are down 64%, but outflows only 16%. Pretty loyal fan base! Not sure Berkowitz fared as well.
ARKK Flows and Return Data Last 3 Years
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 5 July.
The holiday week was a good one for equities! Weeks To Date (through yesterday), QQQ up 21.5% and SPY 17.4.
The Mid-Year Rev…
Word of caution on CD ... Schwab and Fidelity post highest yielding rates on their CD summary table. Unfortunately, nearly all these are callable. Non-callable seems to be about 0.5% lower. Something to consider, especially with ladders.
I've recom…
Laddered CDs ... 1, 3, 5 years ... all paying 5.3%, nominally, risk free as they come. No fee on new issues.
MINT. 5.3% yield.
RPHIX. 5.7%.
CBUDX. 5.9%
CBLDX. 7.5%.
Come quickly to mind.
c
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 28 June.
Used the intermonth data to get peak of month ending June performance, which allows review at the mid-year mark.
Will announ…
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 7 June.
Add annualized return to TipTool in Flow and Returns charts for periods greater than 12 months, plus several other enhancement…
Hi ybb. Thank you! Yes, I find the new flows data fascinating. Big flows out of funds performing well, like DODGX, but sticky on funds doing terrible, like ARKK.
So, the calendar year (and fixed period) category tools, like averages, count, catflow…
The latest update includes Fund Flows Analytics by Calendar Year: fund flows, total net assets, ratings, including breakouts by category, subtype, type, active, passive, and ETFs. Working to bring to Fixed Period tools as well, which will enable sea…
Hi WABAC. You mean the Debt/Equity (D/E) Rating in MultiSearch, right? Will add that option and a month to your subscription for the feedback. Thank you! c
No. UI is over the specified evaluation period ... whatever you select in the Display bar. Or, whatever is indicated on chart or table: "... across specified evaluation period." Same goes for virtually all return and risk metrics on site. Momentum m…
Price!
M* wanted twice as much, despite our non-profit status.
But Lipper now Refinitiv now LSEG has raised the price of LGDF (Lipper Global Data Feed) by about 3-5% every year since circa 2018.
If it continues, we will need to seek an alternativ…
From Lipper ...
Investment country allocation is derived by taking the market value of the fund’s underlying holdings, grouping them by the country of incorporation of each issuer organization and then presenting as a percentage of the fund’s total…
@yogibearbull.
All systems go on the site.
Update ratings with 10 May drop yesterday.
Today, just completed switch to monthly data only for FLOWS and TNA (total net assets) charts. And, continued to refine. Looking pretty sweet.
FLOWS
Still nee…
Hi again ybb! Pretty excited about the new tools. Fund houses report flows differently, unfortunately. Some daily, like State Street; others monthly, like Dodge & Cox.
The tool uses whichever is available in database. There are indeed some mutu…
We now have three fund flow tools on MFO Premium: Flow, Flows and TNAS (total net assets). Flow is a combo chart showing total return, total net flow, total net assets, and daily or monthly flows (depending on fund reporting) of a single fund. The o…
ps. just about ready to go live with three fund flows tools, as previewed last december:
one that plots total net assets, essentially aum, over time for up to 12 funds;
another that plots total net flows, essentially sum of flows over indicated …
you can also use the multisearch analyze tool on the results page to see maxxdd (and several other metrics) by calendar years and about 150 other fixed periods ... all in one datatable.
@yugo, @yogibearbull
thank you.
there are dozens of display periods available on mfop, like: monthly, yearly, calendar year, market cycles, decadal, and other unique periods.
in this case, just set display period to 10 years and then select the m…
Just posted all ratings to MFO Premium site through March using Refinitiv's data drop of 29 March. The Friday holiday helped provide early look into 1st quarter performance.
S&P500 up nearly 11%.
Berkshire Hathaway up nearly 17%.
Momentum, en…
