Mutual Funds

Current Commentary

December 1, 2016

What a busy month.

On Monday, November 21, four U.S. stock indexes all reached all-time highs: the S&P 500, Dow, Russell 2000 and Nasdaq; it might be that the S&P Midcap 400 did the same, but that’s less clear to me. That feat was last accomplished on December 31, 1999. The coincidence led Chip, our estimable tech director, to launch into a spirited rendition of Prince’s “1999”:

I was dreamin’ when I wrote this
Forgive me if it goes astray
But when I woke up this mornin’
Could of sworn it was judgment day

The sky was all purple
There were people runnin’ everywhere
Tryin’ to run from the destruction
You know I didn’t even care

‘Cause they say two thousand zero zero
Party over, oops out of time
So tonight I’m gonna party like it’s 1999

I was dreamin’ when I wrote this
So sue me if I go too fast
But life is just a party
And parties weren’t meant to last

Continue reading →

Our Mission

David Snowball, PublisherThe Mutual Fund Observer writes for the benefit of intellectually curious, serious investors— managers, advisers, and individuals—who need to go beyond marketing fluff, beyond computer- generated recommendations and beyond Morningstar’s coverage universe.

We are non-profit, non-commercial, independent and accessible. Our special focus is on innovative, independent new and smaller funds. MFO’s mission is to provide readers with calm, intelligent arguments and to provide independent fund companies with an opportunity to receive thoughtful attention even though they might not yet have drawn billions in assets. Its coverage universe has been described as “the thousands of funds off Morningstar’s radar,” a description one fund manager echoes as “a Morningstar for the rest of us.”

What the Observer Provides

A monthly commentary, featuring a variety of voices that speak from many different perspectives but who all share the same values: intelligence, respect, civility.

Profiles of funds you ought to know more about. We ask three questions to start:

  1. Is there any reason this fund should even exist, other than because the manager needs a job?
  2. Is there any reason to believe that the manager can execute the strategy?
  3. Is there any reason to believe that the manager will end up sabotaging it?

If we find satisfactory answers to all three, we start digging through the public record, proceed to speak with the managers and end up defending a judgment.

Rich analytics focusing on risk, as well as rosters of distinguished and disastrous funds.

A lively discussion board, whose active members are diverse, lively, passionate …and occasionally hilarious.

 

Sign Up for the Mailing List

If you wish to be notified when Mutual Fund Observer is updated, please subscribe to our mailing list by filling out this form:

   
       
Interested in . . .

Email Format

 


Remember to double-check your e-mail address before submitting. We have nearly 100 folks registered with dead addresses (for example, [email protected]). We try to fix those we can but that’s pretty iffy. Double-check!