It looks like you're new here. If you want to get involved, click one of these buttons!
A couple other market neutral funds you can consider: BDMAX and JMNAX. BDMAX has outperformed QQMNX over the last 1 and 2 year trailing periods, and has a higher Sharpe ratio and lower standard deviation over the last 3 years according to Morningstar data. JMNAX has had lower returns, but has a smooth ride. I use a combination of BDMAX and JMNAX, but I might consider adding QQMNX. Thanks for bringing it up.For the past two months, I have been following two "Market Neutral" funds, QQMNX and VMNFX, which held up very well and provided some protection during recent market downturns. New managers have been at the helm of both funds since 2021.
As MikeM said: "I have to admit, QQMNX is a tempting alternative in this alternative field for a less bumpy ride and, so far, excellent returns."
..............QQMNX....VMNFX
YTD.........15.6%.......8.9%
3 YRS.......14.4........14.8
5 YRS.......10.3..........8.2
2022..........9.5.........13.5
Std. Dev....8.6%.......7.3%
As a retired investor who doesn't need a lot more money, preserving capital is more important to me than seeking sizeable returns on capital. While both funds have excellent risk/reward profiles, I have decided to add QQMNX to my portfolio at this time of fairly high equity valuations.
The tide went out during the pandemic and it exposed where the problems exist globally
ONE INVESTMENT
COHEN: THINK OUTSIDE THE U.S.
Long period of U.S. outperformance
International markets less expensive
Offer exposure to different industries
MSCI EAFE Index: Europe, Australasia & Far East
Large & mid-cap developed market stocks, excluding the U.S. and Canada
Thanks David for confirming. Look forward to NRDCX’s success.BaluBalu and others:
To the best of my knowledge there are no US mutual funds or ETFs dedicated to investing in the Nordic bond high-yield market. The 50 funds mentioned are all overseas UCITs
Of these three funds, only CBYYX seems to be available to retail clients at Schwab or Fidelity. Where are SHRIX and EMPIX available to retail clients (no access to RIA)?Terrible hurricane, more than 90 confirmed dead... I love my CATs, but I sold 80% of them on Friday. Strangely, they jumped up happily when Helene passed through: on Friday, EMPIX was up 0.19%, CBYYX was up 0.35%, and SHRIX was up 0.44%. Maybe they did not have time to respond, or people became optimistic that Helene hit the less populated area and was no longer a threat. But today, some sources estimated a total loss of about $20 billion, whereas others estimated total damage ~ $100 billion, though only a small part of it may hit CATs. Hopefully tomorrow will bring some clarity.
The best investing decision I ever made was to invest in Wellington as a young lad, held forever. All the rest is a hobby.@BaluBalu. For me it is always easier to make the buy decision then the sell. I have been at this since 1984 and my list of famous and successful managers that I have invested with is a long one. I could not prove it but I think I would be miles ahead if I had followed the Boglehead doctrine from the start. Less interesting but perhaps more lucrative. I know of one investor here who ALWAYS knows what to do and when to do it but he is the only one.
Yep. It is always on my selling when I lose money or profit because I do not know when to sell. That has always been a mystery.
I am a proof that buy and hold would have put me miles ahead because my taxable account multiplies at a faster rate than my IRA. On top of that, withdrawal from my taxable account is taxed at zero to 20% (federal) long term tax rate whereas withdrawal from my IRA is at ordinary income tax rate (I do not recall when I saw a less than 25% federal rate.)
We digress from the topic of the thread.
If your sample size is 3 years, fine. Over 10 years BGHIX outperformed QQMNX with a CAGR of 8.18 vs 7.24 and a sharpe ratio of .84 vs .61 and max drawdown of 13.29 vs. 18.27 (it's this last number that's most concerning). All that being said, I've decided to take a chance on this one.That's my worry with QQMNFX. Is the risk/reward that much better than a solid bond fund particularly if rates fall as "expected"?
BGHIX would be one example that I've been in since before the managers joined BrandywineGlobal.
Sorry, but a quick glance at BGHIX's Standard Deviation of 7.7% and a 3-year total return of only 4.2% doesn't qualify the fund to be on my personal watch list. If I invest in bond funds, I prefer funds like ICMUX or CBLDX, for example, that have significantly better risk/reward profiles than BGHIX.
By the way, QQMNX, which has a slightly higher SD than BGHIX, 8.6% v. 7.7%, has a 3-year total return of 14.4%, a difference of over 10%. That's "much better" than any solid bond fund I am familiar with.
Yep. It is always on my selling when I lose money or profit because I do not know when to sell. That has always been a mystery.@BaluBalu. For me it is always easier to make the buy decision then the sell. I have been at this since 1984 and my list of famous and successful managers that I have invested with is a long one. I could not prove it but I think I would be miles ahead if I had followed the Boglehead doctrine from the start. Less interesting but perhaps more lucrative. I know of one investor here who ALWAYS knows what to do and when to do it but he is the only one.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
