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Prior to June 1, 2017, the fund[s] operated under certain different investment policies and a different pricing structure. The fund's historical performance prior to June 1, 2017 may not represent its current investment policies and does not reflect the fund's current pricing structure.
Other funds I own that are struggling:PDBZX is not having fun this year in the rising rate environment.
PDBZX is not having fun this year in the rising rate environment.Apologizes if this has already posted: FDGRX, CIVVX (CIVIX), PDBZX, PRWCX
https://fa-mag.com/news/morningstar-announces-2017-u-s--fund-manager-of-the-year-award-winners-36811.html?print
Not THAT decade...the OTHER decade.@JoJo26 You mean like these? news.morningstar.com/articlenet/article.aspx?id=321713
I guess one out of three--Herro--ain't bad. In baseball that's a darn good average.
Yep - Ted’s a cagey one - always trying to pump up his score. :( :(Gee Ted. Three separate articles on Treasury yields in one day. Can't you post these duplicate stories under one post. You just beefing up your prestigious count of posts. :(
https://advisorperspectives.com/articles/2017/10/16/should-you-invest-with-the-fund-manager-of-the-yearAs the authors stated, “As the size of the fund increases and because the manager’s investment ideas are finite, the new money flows are not able to be put to productive use, which subsequently leads to zero net alpha in equilibrium.”
The authors also stated, “… managers have no ability to generate additional investment ideas when existing opportunities are fully exploited.”
Fund managers cannot “cope with the influx of new money” resulting from the FMOY award, according to the authors.
That is the reason we drive a minivan as a family car. SUVs are expensive! We rent one recently not by choice (only ones left in the lot) and had less than satisfactory experience with it comparing to our minivan. Next time we will walk over to another rental shop at the airport.I was just debating fixing up the old reliable 13-year old GMC pickup for somewhere between $3,000 and $5,000 or buying a brand new one. Took a look. Sticker prices of $40,000 - $80,000 convinced me to fix up the old one. (What inflation?)
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