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Sorry for the FT post. I think they allow you to read one article (first click rule), so if you clear your cache you may be able to read it. But it is a short article and you shouldn't have to pay for it.
Here is one other older interview with s…
Yea it bugs me very much. I could maybe understand in a fund with low aum. But not your largest holding. I think the question deserves a explanation from the fund manager. Is it just temporary
I have been in it since day one and will stick with it. It is hard to see it under perform, but it will tend to do so in a bull market.
Gets 32 percent of the upside and 29 percent of the downside. It is conservative.
If you are worried about increasing rates, you might consider adding one of more of these to your Vanguard Wellesley and Wellington:
Osterweis Strategic Income Fund - OSTIX
TCW Total Return Bond Fund Class N - TGMNX
Metropolitan West Unconstrained …
Healthcare is a pretty diverse sector. It may be worth treating healthcare and biotech differently. There are young companies and old ones. Medical devices, drug companies, big companies, and small ones...
the better you know your investments th…
I like to see funds disclose their portfolio monthly. I like how iva makes this easily accessible and also provide a quarterly breakdown of performance (top performers and sectors etc). But they should make historical data available also.
To be honest, I'm not overly familiar with the funds you're invested. But I tend to agree, one fund ought to be enough. Or you could have one intermediate term and one high yield. Did you end up with three b/c you hold them in different accounts?…
FWIW, I kinda like the fund. It is pretty unique. But the returns are pretty paltry. It holds up better in down markets (-6.5 max draw down) and is tame (ulcer index of 1.1), but the returns just aren't high enough to have me interested (annualize…
Yes, It is higher than I would like as well. But compare the AUM: 1.81 B for VTMFX vs. 34M for EXTAX. That doesn't include Vanguard's billions in similarly managed funds in the tax managed series. Plus its is Vanguard. Tough to beat them on ER. T…
It's a conservative, risk managed total return fund, but yes it acts more like a market neutral fund. Mid Cap Growth is wrong. GADVX invests in stocks, bonds, and uses 'arbitrage' strategies.
I am in ACRNX and I have done well. If access was easier I think I would move on, but it is like being in an exclusive club. You have to get past the emotions though. It is a small ish position and I will likely keep it to maintain access.
Why did they open an institutional share class for RiverNorth Core Opportunity Fund Class I (RNCIX)? They will accept more money from institutional investors in $5 million increments, but not from individual investors? I guess the strategy hasn't …
Can I assume this is a long term buy and hold strategy? At first glance, most funds are good. Most funds are large (more than 10B AUM) Do you invest in VDGIX or VDIGX?
I'd only keep 2 out of these four funds (maybe VDIGX and FPACX):
Vanguard Div…
Generally, I take AUM in consideration when buying a fund, but then when deciding to sell, it's more about performance.
I don't decide to sell a fund based on AUM alone. (Although in the case of MFLDX, one could argue that it would of been a good …
Well it depends. Some strategies have a lower capacity than others. But speaking generally, a billion AUM is a nice round number and anything more than that I think we can start talking about bloat. I've seem some funds soft close from 1 to 2 B. …
If this study can be believed, 90% of mutual funds assets are held by households and 10% is institutional. But this varies widely from one fund to another.
http://www.icifactbook.org/fb_ch6.html
I like used cars and my wife likes new cars...c'est la vie.
I bought a new car in 2013 b/c the used car market was so tight (as a result of the 2008/2009 recession) that used cars were expensive. As I understand it auto makers output has been incr…
You could try FMLSX or BPRRX. I've been with FMLSX for a while (they are more often on the long side). It's a good outfit. BPRRX hasn't been around as long but can learn from BPLEX
I like the quote that went with it:
"Oil prices have fallen lately. We include this news for the benefit of gas stations, which otherwise wouldn't learn of it for six months." - William D. Tammeus
I'm close to 13%. It helps to dampen volatility and is supposed to be "less" correlated to the market.
For an quick and dirty view, on a day when my benchmark is down 1.4%, my portofolio was down 1.1%
BPLEX continues to be the cream of the crop:…
@Charles
Just saying that it is difficult for managed funds to compete with index funds in a low volatility bull market. I shouldn't have used the b word (too much of a lightning rod), but just signs of trouble or a difficult market. Who knows FWIW
Very classy Bill and even classier of Gundlach to tell the press about it. Worth a good laugh though. The next line was (according to what Reuters says Gundlach said that Bill told him):
"I have five rings, you have two rings - probably going to …
closed with $200M in AUM
This might be the smallest close in terms of AUM that I can recall. I could understand if they justified it by wanting to curtail a rapid influx, but that's not the case.
Thanks JohnChisum, but it may just be a work around, as the FIDO policy states "As of
August 1, 2014 customers residing outside the United States will not be allowed to purchase shares of mutual funds."
http://personal.fidelity.com/accounts/service…