Invesco To Buy Oppenheimer Funds, Adding $246 Billion In Assets Ouch - That one affects me. About 10% in Oppenheimer going back 25 years. A flawed outfit for sure, but I use (and like) some of their more exotic specialty finds for certain portfolio needs. My other houses steer clear, for the most part, of these niche funds. Currently I hold through Oppenheimer: a gold fund, an infrastructure fund, and a pretty good Alternatives fund. The last has had a rocky past, but current manager Michelle Borre, has done a nice job with it.
How good a manager is Invesco? Have they proven themselves ethical? Committed to shareholders? Reasonable re fees? Easy to deal with? One nice thing about Oppenheimer has been very low minimums. This allows you to scale into a new fund gradually or spread out a relatively small stake among several different funds. From an operating cost perspective, I’d suspect Invesco will look to increasing those minimums.
Is this likely to produce turnover among fund managers?
Here’s the AUM for each of my 3 funds as Lipper lists them. I’m surprised the infrastructure fund (recently acquired from Macguarie) has such a small amount.
OQGAX (global infrastructure) 23.86 M
OPGSX (gold/pm) 856.4 M
QVOPX (alternatives) 1.21 B
As one of the last standing “active management” types, I fear this news in itself will precipitate additional exodus out of Oppenheimer and in the direction of passive funds, making it even more expensive for Oppenheimer to manage their shrinking base and harder to retain talent.
Anybody here deal with Invesco? Thanks for any thoughts on how the buyout may affect existing investors.
Invesco To Buy Oppenheimer Funds, Adding $246 Billion In Assets
ICI: U.S. Fund Investors Pull Most Cash From Bonds Since February Hi Guys & Gals: I'm thinking it important to have my portfolio invested based upon my risk tolerance. During times of a bull market run(s) I have found in the past I've let my equity allocation become to aggressive in prior years. However, after the 2008 market swoon I dialed my risk down and have continued to do so through the years and as I have aged. More recently, I decided I was still invested to aggressively by holding 50+% in equities and have decided to pull this on down to about 40% and raise my fixed income area up to about 40% along with cash to 20% which includes cd's, money market funds and US currency.
It concerns me that the FOMC is raising interest rates at a pretty spiffy pace. It is currently easy to get a 3% yield on a 2 year cd and about 2.8% on an eighteen month cd. I've got some money market funds now paying better than a 2% yield (and its rising). I'm thinking fixed income and cash are looking pretty darn good as compared to a heavy equity allocation especially during these uncertain times of rising interest rates, trade debacles with rising tariffs, brexit, domestic and global politics, etc.
I bet President Trump sure wishes he had left Janet in charge at the FOMC. I'm thinking she would have done a better job at looking at the big picture more objectively and would have moved more cautiously over the current FOMC chairman concerning the Fed's rising rate increase campaign. I've seen in the past where the Fed raised rates too far (and fast) until something broke. I just do not think they can move as fast as they are with their rate increase campaign without something in the economy breaking.
Form my perspective if they kill the stock market they kill the goose that lays golden eggs.
Stocks Rally Because You Can’t Sell Off With Earnings This Good Hi
@hank: My current simple target asset allocation is 1
5% cash, 3
5% fixed income &
50% equity. I am in the process of moving towards 20% cash, 40% fixed income and 40% equity. I'm thinking that this asset allocation would be good for me going forward. I'm also thinking it best to do this over a period of time and at a pace of about 1% equity reduction per quarter.
Thanks Old_Skeet
I’m comfortable at 40% Balanced, 1
5% Cash Equivalents, 1
5% Spectrum Income, 1
5% in two
Alternative funds, 7.
5% International Bonds (including EM) and 7.
5% Real Assets
Last time I checked that added up to 100%. :)
US Deficit: $1.5 Billion In Daily Interest @MFO Members: I was afraid this would happen when I linked the article about the interest on the public debt, namely politicizing the issue.
According to Wikipedia, United States public debt started with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after its formation in 1789. The United States has continuously had a fluctuating public debt since then, except for about a year during 183
5–1836.
Regards,
Ted
Small-Cap Funds Take A Beating Ours:
PRDSX 1-month down -6.63% ....6.05% of portf.
VSCIX 1-month down -6. 6% .......4.22% of portf.
