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Consuelo's Mack's WealthTrack: Guests: Chuck Akre & John Neff Co-Managers, Akre Focus Fund (AKREX)
FYI: We are always on the lookout for the exceptional on WEALTHTRACK. It’s not easy to find among actively managed mutual fund managers. Only 23% of actively managed funds in all major categories, including stocks, bonds, and real estate outperformed their passive index fund rivals over the last ten years. And only about 8% of U.S. large-cap funds outperformed passive, the smallest margin among all active fund categories winners. No wonder that active U.S. stock funds are experiencing substantial outflows and passive stock funds are gaining assets. In a historic shift, passive assets in U.S. equity funds recently surpassed those in actively managed ones for the first time ever.
This week’s guests are bucking all of those trends. They are active managers in primarily large-cap U.S. stocks. They have been beating the market and peers by substantial margins over the last decade and they are attracting more assets.
I'm bias as a shareholder in AKREX, but I thoroughly enjoyed the interview. Thank you @Ted for posting it.
A very accomplished manager and co-manager. Both understanding and believing in the system. I think AKREX will be a very good fund even after Chuck eventually turns over the reigns to Neff.
Comments
A very accomplished manager and co-manager. Both understanding and believing in the system. I think AKREX will be a very good fund even after Chuck eventually turns over the reigns to Neff.