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I have always found it interesting to see how the worst-performing asset classes do from year to year. The first few weeks of 2012 is a pretty darned good example of why it is not always smart to follow the winners.
Last year, some of the worst asset classes were precious metals stocks, emerging markets, resources & materials, global infrastructure. Gues what's hot so far this year? Mining stocks, emerging markets, resources & materials, infrastructure. On the other hand, commodities had a lousy year in 2011 and they are still lagging year to-date.
Another curiosity...last year, local currencies were really beat up vs. the dollar. That has really reversed itself this year. Does this trend have legs?
I have never been that interested in buying unloved FUNDS, but rather the best managers in unloved sectors or asset classes. One fund that the article mentions we do like is the Price New America Growth. Good management, there.
Comments
Last year, some of the worst asset classes were precious metals stocks, emerging markets, resources & materials, global infrastructure. Gues what's hot so far this year? Mining stocks, emerging markets, resources & materials, infrastructure. On the other hand, commodities had a lousy year in 2011 and they are still lagging year to-date.
Another curiosity...last year, local currencies were really beat up vs. the dollar. That has really reversed itself this year. Does this trend have legs?
I have never been that interested in buying unloved FUNDS, but rather the best managers in unloved sectors or asset classes. One fund that the article mentions we do like is the Price New America Growth. Good management, there.