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.
@Crash: this fund does have a good record since new management took over. One thing I noticed is that it holds no FAANG stocks, whereas my fave in the category, MGGPX, does hold them. For istance, AMZN is the latter's top holding representing 6%+ of…
@sfnative: You have a sharp eye to spot that increased AUM. Most of the active posters on MFO routinely throw around that kind of dough, so the culprit could be hiding here behind his/her clever moniker, all the while pretending to hate $49.95 trans…
@Crash: I use M* to determine fund flows. Not sure if you have to be a subscriber, but the “Parent” tab for the fund provides the data. For Seven Canyons, which has only two funds, it’s a simple matter to see that up until the most recent quarter, t…
Thanks to all for your valuable comments. I didn’t know if the subject held interest for the group so I did not provide personal info that could have informed the advice offered.
We are in our late 70’s and have 10 years to go on a 15-year mortgage…
One stock advisor I follow is somewhat maddening in selecting growth companies on the basis of their future prospects (generally tech or health). He has done a great job of picking winners over the years I have subscribed. What irritates me is his c…
M* calibrates the outflows on a fund family basis. In 2017 Matthews managed $29.6B and in 2020 assets are down to $20.5B while the number of funds during that time period did not change. The people leaving may not constitute an “exodus,” but the AUM…
Yes, I was intrigued at the inception of MEGMX about Matthews’ chances with a diversified EM fund with new management. I decided to take a position in it and at the same time commit to ARTYX, in hopes that EMs would recover. Both positions made grea…
My only Matthews fund was MEGMX, although I had been strongly committed to their funds several years ago. I decided to take good profits and put them into ARTYX. I was concerned about all the turnover of managers, then the news of the outflows pushe…
https://www.vaneck.com/insights/blogs/moat-investing/moat-index-review-value-is-in-facebook-is-out
I hope the above link is right. The one I posted was truly ugly. Sorry I inconvenienced you.
@Mark: What do you like about THQ and BME? I held HQL, another Tekla fund, for quite some time, and BME in 2019. Right now I don’t own any healthcare funds but I am overweight in the sector as the result of getting a slug of BMY when CELG was acqui…
It's probably not significant, but I wonder why these guys left Artisan previously and then decided to come back. FWIIW, I hold ARTRX, APFDX, and ARTYX. Maybe value will have its day in the sun.
I, along with several others here, endorse the enforced period of silence, equivalent to the time-out we have kids observe when their behavior no longer respects our norms. I am no student of the media, or politics, or social norms, but I do recogni…
IIRC, the guardians were appointed after a period of quite poor performance by many GP funds. At the time, I questioned the practice and I still don't get it.
M* reports that the Global Opportunity "strategy" has grown to $33B. Mr. Heugh is running a lot of dough considering this and all the other funds he's managing. How "soft" a close is it when it's announced months in advance? I'm a satisfied sharehol…
@carew388: I was wondering how you found JIG. From what I can tell it's the ETF born out of JSEAX (and its other share classes). The managers, Murray and Duffy appear to be based in London. JSEAX has four stars and a gold rating from M* but I can't …
Thanks @msf for the info you posted on reporting ROC. My IOFAX shares are "covered," although I haven't sold and won't have to worry about the basis unless I do. Reporting a wash sale as you illustrate reminds me that rigorous honesty is required. …
@hank: the most speculative part of the market I’m aware of is stocks in companies trying to develop vaccines or treatments for COVID and other medical/biotech plays. While I don’t know much more than what a couple of small companies I do own are do…
In our household we followed the advice of not tuning in so as to reduce the number of people watching. In fact, on Wednesday lightning fried our AT&T modem leaving us without internet, TV or phone for about 36 hours. Some might say we received …
@DaveC: you may note that some of the suggested funds are global, as opposed to international. I prefer global funds myself and offer MGGPX for your consideration.
Just a quick read of this document says to me that there is turmoil at Matthews and at least two managers who have had lead roles are gone. Maybe others who know the Matthews funds better than I could chime in.
Portugal and NE Spain, the Adriatic, and we owe our now 22 year old Chinese adoptee a trip to her place of birth. I regret the trips we canceled due to Covid: Atlanta for a college graduation, Paris and Burgundy with daughter #4 who was living in Fr…
@Derf: I’ve tried frontier markets in the past and only succeeded when a Morgan Stanley CEF converted to OEF. A quick look at the countries the Wasatch fund holds made me think it’s an ordinary EM diversified vehicle as opposed to one with a lot of …
Thanks @Robt for posting Yong’s article. He did interviews on TV following publication and got his message out. A Brit, by his accent. I’ve been impressed by what The Atlantic is doing these days and I’m tempted to become a subscriber again.
@carew388: using ETFs is a good way to avoid the short-term transaction fees Schwab and TDA assess. Not using TDA much anymore, but I remember some MF’s had a 180-day holding period there.
@davidmoran: Bravo if you stuck with DEESX since the big drop and kudos if you added shares. I am not in line for congrats because I bailed on DSENX while sticking with MOAT. I am very happy with the latter.
For EM, ARTYX should meet your needs. Another posibility is MEGMX, a new EM fund from Matthews, the Asia specialists who haven't run a diversified EM fund before, but who have a solid record. Artisan brought in Lewis Kaufman to run ARTJX and Rezo Ka…
IIRC, @MikeM, @hank, and I have put what was stagnant cash to use in TMSRX. I would be happy with 3% return on this money as that would represent a big improvement over the MMF where it was parked before.
The Friday edition of the WSJ always has a section on real estate, but it’s the real estate that makes me (a pretty average person) ask, where in the H do they get the money to buy these houses? Maybe the existence of the paywall is a blessing for t…
It does seem possible from the very pertinent info posted. People in SE MI that I know of are having a terrible time getting appointments at the Secretary of State to renew licences. The online appointment system pushes people weeks down the road, b…
Not that we need to worry about it this year, but the experience in a major league stadium is to my ears and eyes a very ugly spectacle. In Detroit, between innings, deafening music is played, on the huge score board some player is being shown cavor…
That’s a great idea, @Mark. A buy-and-hold fund that could keep up with innovation and buy the companies profiting from same would be a jewel to give a kid. I fully expect that in 20 or so years the portfolio of such a fund might not resemble today’…
The oldsters on the board might recall the recreated radio baseball games that were broadcast by an announcer, possibly reading a news ticker, who then supplied narrative and sound effects to simulate the action. I recall canned fan noise, the crack…
I would do as I did with my two youngest kids. Set up a brokerage account, making it a Uniform Gift to Minors if the child is under 21. Try to explain that you are putting in some dough and that additional deposits should represent 50% of the child’…
A friend of mine confirms Hank's experience with a shortage of home appliances. I had a leak in my home A/C and my service guy can't keep up with demand for repairs because so many people are working from home that they can't go more than a day with…
