Mutual Funds

Current Commentary

November 1, 2020

And now we wait.

I’m writing this less than 48 hours before the end of the most divisive and likely most consequential presidential election in a hundred or a hundred and fifty years. (It depends on your view of the sea change enacted in 1932 or the tumult of 1860.) I am exceptionally distracted by the unfolding events.

In general, I have faith that things will work out okay. People are, on the whole, sensible when not terrified. And, while many of our fellow citizens are terrified – in part because conditions in many parts of the country are unremittingly hard and, in part, because political parties have learned that it’s in their best interests to enflame our worst fears – we have an okay track record of tempering our fears with 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.

 

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