Mutual fund
Oakmark, T. Rowe Price Reopen Funds
The Oakmark Funds reopened its Global Fund (OAKGX) on May 9, 2008. The fund, which has been closed to new investors since December 2003, invests in both domestic and foreign markets, holding 42.6% of its assets in U.S. stocks and and the rest in developed and emerging economies outside the country. According to Morningstar.com, OAKGX [...]
Wasatch Reopens Two Micro-Cap Funds
Micro-cap fund specialist Washtch Advisors today announced that it will temporarily reopen two micro-cap funds, Wasatch International Opportunities Fund (WAIOX)
Wasatch Micro Cap Value Fund (WAMVX), to all investors. Unlike other funds that were recently reopened, these two funds seem never available to individual investors because they were both closed on the day when they [...]
Vanguard to Launch Global Stock Index Fund
According to a news release, mutual fund giant Vanguard has filed with SEC to offer a new, passive fund that invests in global stock markets. The Vanguard Global Stock Index Fund, which is set to be available for investors in the second quarter this year, tracks the FTSE All-World Index. The index currently covers 48 [...]
Dodge & Cox Reopens Stock and Balanced Funds
According to a statement released yesterday, Dodge & Cox will reopen its flagship Stock fund and Balanced fund next Monday, February 4th. The two funds were closed to new investors since 2004, though existing shareholders can still invest in both of them.
In the statement, the company cited the lackluster return of both funds in 2007, [...]
Recently Reopened Mutual Funds: Any Interesting Ones?
Around the new year, many previously closed mutual funds reopened their doors to new investors, including such well-known names as Fidelity Magellan (FMAGX) and Oakmark International (OAKIX), after a rough second half of 2007. For investors who had an eye on these funds, but were denied access due to the closure, the reopening [...]
Update: Active & Passive Funds Comparison
Early this month, I read an article on USA Today with title, Index funds are never out of style. The article pointed out that for the past 10 years, the return of diversified US stock funds, which include small-, mid-, and large-cap funds, averaged at 6.7% while the S&P index returned 5.9% a year. The [...]
Fidelity to Reopen Magellan Fund to New Investors
The Fidelity Magellan Fund (FMAGX), which was once the nation’s largest mutual fund with an asset at $100 billion, will reopen to new investors tomorrow, January 15, 2008 after shutting its door more than 10 years ago, according to a Fidelity announcement. The main reason to make the flagship fund available to new investors is [...]
Investing with a Small Amount: Stocks or Mutual Funds?
There was a short Q&A in The Wall Street Journal yesterday where the question being asked is the following:
I would like to buy only a few stocks in certain companies. Are there any online brokers that handle people with only a couple hundred dollars in their account and don’t charge heavy fees for infrequent traders?
In [...]
Oakmark to Re-open International Funds
Investors will soon be able to invest in Oakmark’s two international funds again.
I received an email from Oakmark Fund yesterday which announces that two previously closed international funds, International Fund I (OAKIX) and International Small Cap Fund (OAKEX) will re-open to new investors on January 2, 2008.
Both funds are managed by David Herro, who was [...]
Finding the Funds That Beat the S&P 500
In the third part of the 2007 Consumer Reports Ultimate Money Guide, a method was provided by the magazine on how to beat the broad market index, which is repeated in the following:
No-load: Look at no-load funds only.
Low-fee: Identify those with lowest expense ratios.
High-asset: Keep those with the most assets under management.
Long-tenure: Get rid of [...]
