Anybody know anything about C Worldwide Asset Management, the portfolio advisor for Harbor’s international ETF, OSEA? I linked what info Harbor provides on the fund’s site. I’m interested because of recent forecasts that favor developed international and developing country stocks over the next 10 years. OSEA seems to be invested in large familiar European companies, judging from the top 10 holdings. Schwab’s FNDF is on my radar also. My international exposure is low at present.https://www.harborcapital.com/investment-teams/c-worldwide-asset-management
C WorldWide Global Equities 1A ) he co-manages.
Can’t comment much beyond the annual performance.
The Harbor ETF is concentrated, top 10 holdings approximate 50% of the ETF. Harbor in general does a good job pick active managers serving as subadvisors and don’t hesitate to replace them. In the past, I had good experience with Haken Castegren managing the international fund before his passing.
Search for "The Subadviser" section.
Harbor similarly stuck with PIMCO as manager of HABDX for seven years after Gross left in 2014. Here that perseverance made sense. Despite the outflows, the fund turned in solid if not earth-shattering performance over that period. https://citywire.com/pro-buyer/news/harbor-drops-pimco-from-1-6bn-bond-fund/a1592923
Seems to me there are a lot of headwinds from inflation, and collateral damage from the war in Europe. Neither of those has a predictable end point.
That being said. I do own some IHDG and FYLD just in case. ;>)
Some pundits have been touting foreign stocks in recent years.
There is currently plenty of negative sentiment for foreign equities due to macro headwinds.
I don't know if foreign stocks will finally outperform US stocks over the next decade.
Since I don't know the outcome, foreign equity allocation is maintained as somewhat of a hedge.
From a performance perspective, foreign exposure increased my 2000 - 2009 ("lost decade") portfolio returns.
However, foreign stocks have really underperformed since then.