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I owned two of their int'l funds at different times, years ago, EXWAX and EXITX. Preferred the latter although M* always talked up EXWAX and never even did a report on EXITX. They were decent performers until around 2011, and they haven't done much of anything good since then.
Have to wonder if there's any traceable connection with the ipo in late 2011.
I generally have a positive opinion of the firm; however, when an asset manager is a public company, it always raises a bit of a stewardship concern in my mind (even a great firm like TRP). Manning & Napier has also been expanding their liquid alternatives capabilities, including them in target date funds and other allocations funds--something that doesn't excite me greatly.
The firm does have low investment minimums when you invest directly, and has been recommended on MFO for that reason. I held MSCBX, a conservative allocation fund, since its inception in 2012 but sold it a few months ago when I was simplifying my portfolio.
Comments
Have to wonder if there's any traceable connection with the ipo in late 2011.
The firm does have low investment minimums when you invest directly, and has been recommended on MFO for that reason. I held MSCBX, a conservative allocation fund, since its inception in 2012 but sold it a few months ago when I was simplifying my portfolio.
And, too, assets under management have declined by $13 billion - 25% or so - in three years.
David