Funds You Have Regretted Buying T. Rowe Price Global Stock (Prgsx), a bad fund that probably needs no introduction. I had hopes at one point of owning 2-3 no-load, low-minimum global stock funds as the stock part of the portfolio, but gave up on that idea and decided to go the route of good, more focused funds - and of course that means more funds overall.
Pgvfx, Polaris Global Value, was another global fund I owned during part of that experiment that failed, but I see it's rebounded a bit in the last couple of years. Its 5-year report card, though, is still a loser.
No rebound for Prgsx though. These days, it's sporting the inverse of the perfect M* return-risk rating; Prgsx rates as Low on return, High on risk. And somehow, it still has managed to hold onto half a billion bucks of investors' money.
NWGAX or NVOAX - Help me decide !!! One is GLOBAL and the other is "global", and they are both closing, and they are available no-load at Schwab, and I've had my eyes on these for a long time.
Looking to transition out of PGVFX which I had held "forever" and into one of the above. Was all set on NWGAX until I noticed high international allocation in excess of 30% in NVOAX.
So besides substantial yet lower international allocation of NVOAX, is there any fundamental difference between how these two funds are managed by the same manager - David Iben? He is even closing his ING funds as Mr. Snowball just told us this week so I'm thinking the manager is not of the kind that is only interested in making money.
Any insights deeply appreciated.