Morningstar today ran an analysis of which funds have the best downside capture ratio during the current panic, which they date as 2/19 - 3/9/2020.
Slightly surprising:
Best: Matthews Asia Growth & Income (MACSX), 69.5%
2. First Eagle Overseas (SGOVX), 70.7%
3. Matthews India (MINDX), 71.4%
4. FPA International Value (FPIVX), 71.6%
5. Matthews Asia Dividend (MAPIX), 74.1%
One almost would have suspected that being at the heart of the storm - i.e., Asia - would have sunk the Matthews folks. Nope.
Best US equity funds?
Royce Special Equity (RYSEX), 63.5%
Yacktman Focused (YAFFX), 69.7%
Yacktman (YACKX), 71.6%
First Eagle US Value (FEVAX), 77.0%
FMI Common Stock (FMMIX), 77.4%
Royce. Hmmm. A lot of cash in the portfolio and an averse to leveraged (i.e., debt ridden) companies helps. The others keep cropped up on our "best of" screens.
As ever,
David
Comments
Let's just say I don't miss it now. Maybe I will some months down the road. But I doubt it.
I bought at 19.9 per share back then. And the most recent quote -- from yesterday I suppose -- had it at 14.31. I was able to make a little money off it in December to put into bonds.
I held FPIVX once upon a time. And I kept FMIJX. I think (hope) I'll eventually end up on the upside there.
WABAC, I think you may have had a typo on FPVIX. I do own FPIVX myself.
Thanks for the tip.
I should stick to typing them out the long way, and let folks look up the tickers if they're inclined.
While the strategies are likely quite different, I am more comfortable with one than the other.
Chart comparison to oversea list with MCSMX added:
https://screencast.com/t/nU2dzaPP