Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Equinox has quite the stable of alt funds, most of which are managed futures, but they're not all 100% trend following. See, for example, the BlueCrest fund: they show a spiderweb illustration of the each of their funds' "trading style," and EBCIX i…
...market hasn't even gone down 10-15% and already one of the Fed governors is talking asset purchases.
Scott, you do understand that the stock market isn't what the Fed is primarily concerned with, yes? ---- AJ
The weather excuse whenever things aren't going well during this time of year is garbage. Grew up in the midwest and it was (and still is) cold as a MFer at times in the Winter and the world didn't/doesn't shut down. The revisions to prior month/s w…
Yeah, the $100k taxable/$5k IRA are the minimums if you buy directly from DoubleLine, and as far as I'm aware that's the deal with (most? all?) the supermarkets too. The I shares (typically? always?) have a TF at the supermarkets, but the E.R. is 25…
What do folks think of Doubleline's new ETF TOTL?
When TOTL launched, the fund materials and the portfolio made it look like it's going to be ~ the asset mix of DBLFX and ~ the duration approach of DBLTX, which ought to be a pretty good bet. So fa…
golub, in addition to the slightly long-biased Equity Long-Short fund Kevin mentioned, AQR also has Equity Market Neutral (QMNIX & QMNNX are the TF + cheaper E.R. and NTF + more expensive E.R. share classes, respectively).
The long-short and t…
Did he mention or infer which of his funds seemed most appropriate for the current climate?
I didn't catch it if he did, and I don't recall him ever doing that (i.e., stating what he thinks the current climate is and which fund is best positioned fo…
Thanks for the summary, TSP. Also, he repeated that he doesn't see any compelling case for now for significant interest rate increases; even said Dbline added some long exposure after the recent jump. (But watch out ~ 2018, when a perfect storm of d…
PONDX was up .08% today and has been up 0.9% over the past month. It may be too soon to worry very much about how the fund is being managed.
I don't know about "worry," Davfor, but it's probably worth understanding WHY it was up today.
PIMIX and A…
I would have thought that the IRS already knew you had coverage or not?
Just fyi, the health care coverage line is # 61, on the back of the 1040 in the "Other Taxes" section.
Here's a possibly revealing Pimco tidbit, which may or may not be a firm-wide view also affecting PIMIX: I've been reading up on PLRIX, their diversified long-duration bond fund, and in the latest (January) monthly commentary, they cite the fund's p…
Hey Catch, from M* charts and Yahoo price data, it looks like those pretty mild capital losses at PIMIX go back ~ 7 months.
One of the eye-catching features of the portfolio lately has been the lowered duration of the fund, down below 3 now, which…
The M* category is World Allocation. (MDLOX is in that category.) Lipper breaks out more categories, but for MDLOX, it's "Flexible Portfolio." (The "SmartMoney" link in the MFO popup box takes you to Lipper info at Marketwatch.)
I believe that you can get inoculation shots for MEASX. (Sorry, couldn't resist...) :(
Another ticker that's easy to remember (like RYSEX, MALOX, DSENX, etc.)!
Thanks for the headsup, Mike. I've been curious to see what that etf's going to look like, so to the watchlist it goes.
I'm not much of a fan of buying anything at startup, at least until I see how a fund works, and with an etf, until some volume …
Not sure if Pear Tree Polaris Foreign Value Small Cap Fund Ordinary Class QUSOX meets your requirements, but David Snowball believes it to be one of the three best funds of this type. Not completely Europe, but a fair amount.
Regards- OJ
OJ, thanks …
There's the declaration, right up front, that the guy who submitted it to U.S. News has a clear conflict of interest, and they published it anyway. Great job by the editors at that august bastion of professional journalism.
"The name of the portfolio mgr I was trying to remember is: David C. Leduc."
I believe that he is a distant French cousin of Donald, and may also be related to Scrooge.
I believe Donald's third nephew's name recalls that French family heritage, and…
The premium content on the Portfolio pages and the one-stop etf/cef data is what's kept me on their subscriber list.
It's usually easy to tell on the P-pages where the mistakes and stale content are. That stuff at M* is mostly a convenience, not a…
About the PQTIX portfolio allocation, it's all over the place from month to month. Here's the range of exposures from April (when I first started following it) through December 2014, per the monthly spreadsheets:
Equity 2-54%
Currencies 16-43%
Rat…
It's an entire package including tax cuts for the middle class and tax incentives for corporations to raise worker pay: all the details here at the WaPo.
There's a lot to say about this topic, but I'll limit myself to trying to help explain Lewis's broad point with a reference that's purely about investment process. The guys who run PRBLX, one of the best U.S. stock funds there is, use an approach th…
I screened exactly as I described; our difference of ONE fund (18 vs. 19) came about like this: One of the funds listed in the results showed a lower return than the Dbl fund, and I excluded that one from the count, thinking there must have been an …
I'm not sure what other criteria you were using ...
U.S. large blend, growth, OR value, because the post was in response to David's search for "discrete large-caps that beat DSENX." On that basis, his guesstimate of 20 was good.
Right, a distinct…
David M.: I just ran the premium M* screen for funds that beat DSENX in 2014, which lets you add "distinct portfolio only" to the criteria, eliminating all the dupes, and it returned 18 distinct funds. Then I added a screen of "M* risk equal to or b…
Looks like PRBLX (14.48 per Parnassus, 14.49 per M*) beat the S&P but not DSENX (17.70 per M*), but the other Parnassus large cap U.S. fund, PARWX, beat both (18.50 M*, 18.51 Parnassus).
Also, VFTSX, Vanguard's SRI index fund based on the S&am…
I think Asia is at least as attractive as Europe, so I'd go with a good foreign, mostly developed-market fund, preferably currency-hedged. For Europe alone, there are hedged options out there like HEDJ.
John, you're not putting new money into the fund with a reinvestment of a cg distribution. You have exactly the same investment you had before, except that you've picked up early tax liability for some of the fund's gains.
Compounding as I've alwa…
Dex: "I don't see how it is the fund's fault."
Right - I don't see that either. It means the fund made money. Only way I can think of that a particular fund manager could be faulted is if the fund's got a ridiculous level of turnover or the manager…
