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.
Reply to @MaxBialystock: Hi, Max.
This is a supplement to a prospectus whose rollover date is August 31. I'm guessing that the extension simply carries them through to the new prospectus.
That said, I have a phone call with Andrew set for 11 CT t…
Reply to @Ted: Hi, Ted.
Rocky Peak was an illustration as much as a suggestion.
And I'm not sure of how to think about 2012 for the SCV space. If you chart Rocky Peak against Pennsylvania Mutual or Aston River Road Independent Value you get ver…
Reply to @Ginko: Hi, Ginko.
This certainly wouldn't replace any of what we already do. It would be an add-on and, I hope, a relatively low-stress one.
I'd be perfectly happy to do the mega-Tweet model. The only challenge in something interactive…
Hi, ducrow!
I don't immediately see no-load access to retail shares. MTOIX is no-load with a $5 million minimum. The share classes with a $2500 minimum seem to have a load (5.75%) or high expenses (2.15% +). There's an "investor" class which sti…
Reply to @Investor: Hi, Investor.
Right: SUBYX > SUBFX. My point was that the old retail shares (SUBFX before 12/31) are more expensive than the new retail shares (SUBYX now).
David
Hi, davfor!
Good catch. And good news. It appears that the new "Y" shares are no-load with the same minimum investment as the old shares, but also with a substantial expense reduction. When we profiled the fund in November, the after-waiver e.r.…
I'd look in the direction of the Grandeur Peak folks. They're former Wasatch managers with two small cap funds: international and global. Grandeur Peak does not have dedicated e.m. funds but the managers are very comfortable with that opportunity …
Reply to @kevindow: Not a game I usually play, but it's interesting to compare the premiums and bid/ask spreads on those three ETFs. In general, it looks like iShares and Vanguard have the same bid/ask spread but that iShares has about twice the v…
Hi, Charles.
I was just poking MFWire a bit for their slightly-silly headline trumpeting the turnaround of stock fund flows. Stock fund flows, as a whole, have been positive in something like 14 of the past 60 weeks. Getting excited about one mor…
Hi, golub.
"Expected value" is just the number of four and/or five stars you'd expect from any random collection of funds comparable in size to Vanguard's offerings. If you took any random collection of 112 funds, you'd expect to find 11 five-star…
Reply to @Old_Joe: Hey, OJ!
Thanks, to you and to all the folks, for the kind words. Ted and I have had a principled disagreement, dating back years, about the presence of off-topic threads here and at FundAlarm. We understand each others perspec…
Reply to @rmt: Yep. Chip and I interviewed the RiverNorth folks at their offices in mid-November, in preparation for a "Launch Alert." They were constrained in what they could say, but did offer some interesting tidbits. I'll pass them along in t…
Hi again, Slick!
In January, we'll publish a list of fund profiles sorted by style. You might find some of the smaller or newer funds of interest.
In general, I'm a bit concerned about the prospects for longer-term investment grade bonds - we're …
Reply to @slick: Slick! It's so good to hear from you.
I'd love to take credit for the site's cool technical features but that's all the doing of friend Accipiter (the artist formerly known as Falcon) and chip (our technical director. They're the…
I'd certainly consider it. My touchstones for evaluating new projects are (1) valuable and (2) sustainable. If I think things are both, I'll give them a try. So I'm likely to start onsite and try to track interest (e.g., the number of folks who c…
Reply to @AndyJ: Hi, Andy. I'm still trying to process the style of Matt's answers. When we've talked in the past, he's been witty, self-effacing and sharp. I think he got a touch of nerves and might have talked a bit longer than I'd hoped. What…
Reply to @Maurice: Ooops. Matthews. Just corrected my note, above. I've had Wasatch on my mind since reading the board's concerns about whether they're over-extending.
Thanks for the close reading! David
Hi, Mona.
Check on your profile page for an "edit account" option. I can see one in my view and I assume you can, too. If you don't see it, see me a private message or an email to [email protected] with the new address and I'll make th…
I'll note that the Reams Asset Management team, recognized by Morningstar for their work with Scout Core, also manage Scout Unconstrained Bond Fund (SUBFX) which we profiled in November 2012.
As ever,
David
Reply to @Maurice: I'm negotiating now with Matthews, to see if Teresa Kong, PM of Matthews Asia Strategic Income, would be willing to do a conference call with us in January. She struck me as really smart when we spoke at length earlier this year.…
There's a curious compendium of warnings about the bond market (including a link to my Amazon piece) at the LearnBonds site. It might be worth browsing: learnbonds.com/ray-dalio-on-bonds/
As ever,
David
Reply to @Charles: Yep, there you are. Slot #11, just between the hedge fund guy and real estate guy. (Hmmm ... remember to keep a hand on your wallet.)
Perhaps afterward you might share some impressions of the call and how to make the next one b…
Thanks for the suggestion, S. I've added it to the "to-do" stack (along with "bring about world peace" and "talk to the Steelers about their running game" - it's a big stack).
David
RBC seems to have discontinued the "S" share class. Their SEC filings for these funds, in late November, refer only to "A" and "I" class shares. No idea of what the story is.
David
Reply to @catch22: I was hopeful that folks might wander by and learn a bit. I can spot-check tomorrow; the Analytics program allows us to see where folks are coming from. While about 100 people a month go from here to Amazon, we've rarely noted t…
Reply to @hank: Amazon allowed 600-1000. The copy I first submitted was 1002 but Chip and Wendy, my academic department chair, very gently suggested that there was a fair amount of detail (Reams' record, lists of long-short funds) whose absence mig…
Uhhh ... I use RiverPark Short Term High Yield. (People cringe every time I say that.) David Sherman believes he can deliver CPI + 250-300 bps with pretty minimal volatility.
David
The unofficial word is "late December."
RNCOX seems to be available on dozens of platforms though, at least according to Morningstar, not Schwab.
As ever,
David
At least there aren't as many folks there to watch the mess. From Seeking Alpha, August 8 2012.
What Went Wrong - - the Facts
CNBC is getting killed on the ratings. There is a death spiral as their appeal shrinks and they respond in a way that ma…
Remember, though, that BBH has a new fund in registration: BBH Global Core Select. It'll be run by one of BBH Core's co-managers and is likely to launch by late December.
David
No problem, Mike. When I visited with RiverNorth in mid-November, they were in the middle of the "silent period". I got the strong impression though that the fund would be live by early December at the latest.
I'll do a quick review via a Launch …
Reply to @Charles: Howdy. I guess I'm thinking less of asset class performance here than of investor behavior. It looks like this might be a one fund portfolio or a few funds with relatively light supervision. And while the recipients are young, …
Just for reference: in first talking with a66, I suggested that a hybrid fund might be appropriate even for long-term investors. That reflected my view that Treasuries are horrendously overpriced, that stocks are no real steal and that cash is good…
In truth, I also sent out, oh, 3,067 gentle reminders last night as part of a mailing to remind folks of the impending conference call with Rubin.
Thanks for the ongoing reminders!
David
And we (that is, Chuck's story) were on the front page of Google News on Monday! At 11:48 CST, for at least 30 seconds. (Life's accelerating, no one can afford 15 minutes of fame anymore).
Woo-hoo and a great Thanksgiving to all, I say.
David
