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.
I suspect the proliferation of ETFs, ETNs, and particularly the "enhanced" versions (3X bull, 3X bear, etc.) has made the star manager a relic. I for one wish the financial press would not list ETFs alongside MFs when highlighting the quarterly, yea…
The US economy would be great again if we returned to the days when our then recent enemies and vast portions of the world devastated by WWII were no competition. However, that would be to return to a world when most boats were barely afloat while t…
Selling OAKBX was good for my portfolio. M* had this to say about the fund very recently:
"Silver-rated Oakmark Equity & Income (OAKBX) has had only middling results since Ed Studzinski retired in late 2011…"
At the time of Mr. Studzinski's r…
I'm sure one of our members can find a spot for the worst-taste Super Bowl ad for Opiod-Induced Constipation. Holy %@&**, what is the country coming to?
Took a shot at ISMRX shortly after it was mentioned by David. Hanging on to all my Grandeur Peak funds, but sold Matthews Small Asian because of overlap.
For foreign large growth, JOHAX is my choice, although it is recovering from a serious drop in 2015. Over the past few years, I have cut back on pure foreign stock funds in favor of global funds. My best result has been with ARTRX, worst with now-de…
I guy would have to wonder if SCMVX, one star and only $24M AUM, will also soon be gone. What an incredibly poor record compared to the small value benchmark.
I bailed on Harbor Int'l about three years ago. I also recommend FMIJX. Third quarter report just came today and I have linked it. I think the discussion will give you a good idea of how cautiously the fund is managed.
http://www.fiduciarymgt.com/…
@Crash: It's "multi-factor," as explained by the fund company here:
http://gersteinfisherfunds.com/approach/process/?gclid=CI_FmsPkk84CFYU2gQodRiEHkw
I guess I should have provided more information earlier.
I recently took a position in GRMRX, not for its income, although it does distribute quarterly, but for capital appreciation. This global RE fund has a fine three-year record and I really liked their write-up on momentum investing on their site. The…
PSLDX is $100,000 min at Schwab, but you could have the transaction fee deducted from that already low entry point! I don't travel in those circles. Glad to go with DSENX.
At one point just after the financial crisis, BOA had our checking, credit card, and mortgage accounts. Scary. Only checking now and that's because it's the same account we've had,originally with a local bank, since the early 70's. Know the acct num…
The EU recognizes 28 official languages and may expand to 29. However, English, French and German are the three working languages for all members. The European Commission translation services are extensive and can translate any document into any of …
When I was able to play golf, I re-shafted, re-gripped and changed my clubs far too often. Come to think of it, my collection of old clubs resembles my portfolio: too many funds, too frequent trades, too much change for the sake of change.
Glad to read a substantive discussion here. Was occupied with family for a few days and I sure had to scroll down though a lot of topics with little or no discussion to reach any meaningful participation by the members. Was in Scotland shortly befor…
Americans who have become completely fluent in another language usually lose their regional accent. I found in my academic career that a strong regional American accent hindered language learners. Maybe they could not hear themselves and were as a r…
Lots of stuff to read about the new fund and how Seafarer is approaching value investing in EMs on the website. For all the theory therein expounded, it still comes down to buy low, sell high. The trick is, as Mr. Espinosa states frequently, avoidin…
I have never gotten an overweight regional investment right, whether LA, Asia, or Europe through MFs, ETFs or CEFs. Now I let the managers of FMI, Artisan, Lazard, Seafarer, and Grandeur Peak, etc make the calls.
The question that arises for me is, "Do you need quick access to this cash?" If you participate in a fund supermarket, you may not be able to liquidate an MF bond fund holding for quite some time without paying a penalty. The ETF route may make more…
@Ted: I thought a perma-bull such as LB, would have kept up with the S&P, but his clients under-performed the index by about 4 percentage points, according to the article. Leslie Norton does says that some of those accounts had high cash positio…
A very politely written article that points out how often Birinyi has been wrong. On the surface, because there isn't much detail in the article, Mr. B hasn't made much dough for his clients, either.
I'm glad I got rid of it. Replacement is PTIAX. Regret not buying more because It's no longer NTF at Schwab, drats! Strange that their municipal bond fund is still NTF.
IWIRX is surely doing a lot better than its stablemates, particularly Alternative Energy, Global Energy, and Asia Focus. G-A made its mark with the China-Hong Kong fund several years ago, but that one has faded also. I'm surprised the firm is able t…
IWIRX does have a stellar record but seems to be just holding serve over the last 2 to 3 years. The managers' explanation of what "innovation" means to them is a head-scratcher for me. A look at fund holdings reveals a collection of mostly solid lar…
I thought of you, @Ted, and our former board participant, Scott, when I read this article. I'm attracted to BX, but ever since I started flirting with it, the bottom has fallen out. You see an entry point here for any of these PE firms?
That's what I found at both Brown and SouthernSun: the same people who have been managing the domestic funds suddenly become global or international managers. I'm a big fan of Grandeur Peak. They don't sit in offices in Baltimore, Memphis, or Salt L…
When both of your previously successful funds (SSSFX, SSEFX) hit the wall, what do you do? First you sell yourself to AMG, then you re-open the closed fund, then you think you're global investors. Brown Company (BCSIX) has a great small-cap fund, bu…
