Open thread: buying/selling/ideas? Sold a short term (2 month) position in VGT, Vanguard's tech ETF, and a longer term position in a clone of VEXAX (small-mid index) in the 401k. Also reduced muni exposure a bit and added to PTTRX (Pimco Total Return: the fund, not the ETF).
Also added to MACSX, Matthews Asian Gro & Inc; in three months or so, plan to revisit the new Foster fund SFGIX and consider whether to move the MACSX $ there. I already have a big chunk in MAPIX (Matthews Asia Dividend) and a smaller position in MAPTX (Matthews Pacific Tiger).
I have ~ 16% cash, and on a pullback, I'd add to Artisan Int'l Value (ARTKX), PowerShares Int'l Dividend (PID), and possibly reinvest in an EM dividend etf (probably EDIV). I've been well overweight U.S. stock, and am starting to move toward default again.
I do think the bond fears are a bit overblown - the reasoning seems to proceed from "long term Treasuries are vulnerable" (right, they are) to "therefore all bonds are suspect" (doesn't follow). I still think actively managed, diversified intermediate funds are a good investment in any climate, plus there's no guarantee there'll be a sharp break out of the malaise anytime soon. (Just IMHO.)
Good luck out there ...
new fund - Seafarer I've got a prominent place reserved for it on the watch list, but I generally don't buy any new fund until at least the first full report/commentary/portfolio holdings comes out.
Nearly all my EM stock exposure is with Matthews right now; I recently zeroed out the DEM and EDIV I had held for a while. The options I'm considering now for "balanced" EM exposure when I decide to put new $ into EM are SFGIX, FEO, and a combination of DEM and TEI.
P.S. Yes, I sold down my EM stake a bit early ...
sfgix/sigix: where are we with that? (Andrew Foster) ntip. ook. I had to write something here or the lovely computer refuses to behave, like the HAL2000 ion "2001: A Space Odyssey."
