New Fund from Dodge & Cox and the End of Hi-Def DVD War

Dodge & Cox, the respected mutual fund company based in San Francisco, CA, is about to launch its fifth fund in its nearly 80 years of history. According to a story on Morningstar.com, Dodge & Cox has submitted paper to SEC for approval of a Global Stock Fund, which will be available for investors in April or May.

The new Dodge & Cox Global Stock will use the firm’s trademark team- and value-oriented philosophy to select stocks from around the world, according to the filing. It will invest in mid- to large-sized companies of at least three different countries that look undervalued or out of favor according to a variety of metrics, but that still have good prospects for long-term revenue, earnings, and cash flow growth, according to the filing.

The new fund will have an expense ratio of 0.90%, very competitive comparing to the average cost of 1.6% in the same category.

Will you be interested in this new offering?

If you watch lot of DVDs, then today’s announcement from Toshiba, the leading developer for the HD DVD format, that it will stop manufacturing HD DVD player next month must have gotten your attention. The move effectively ended the war between two competitive formats and leaves Sony’s Blu-Ray as the accepted industrial standard for high-definition DVDs (if you are not familiar with the two different systems, check out a review on Cnet.com).

While it’s confusing to consumers who have to choose between two incompatible formats, it’s sad to see a competitor died, which could mean a prolonged period of high-price Blu-Ray DVD players. Right now, the cheapest Blu-Ray DVD player will cost about $300, according to a story on USA Today.

Well, I think I can still live with my regular DVD players for a couple of more years :)

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3 Responses to “New Fund from Dodge & Cox and the End of Hi-Def DVD War”

  1. Chengdi |  Feb 19, 2008 at 10:58 pm

    Thanks for the good info, Sun. Reading the linked article, the managment team of the fund look impressive. I’ll be very interested in investing in it when it launches.

  2. Jesse |  Feb 20, 2008 at 1:25 pm

    Boy am I glad I didnt buy an HD DVD player. Though for some reason I had a gut feeling Blu Ray would win out. It was (in general) the better technology. Then again, Betamax was arguably the better technology and it lost to VHS.

    As far as the mutual fund, why do you think they are offering a lower ratio? I would assume its to try and bring some investors back in since people are skiddish and the dow has been up and down like a roller coaster every day.

  3. WeSeed Editor |  Feb 21, 2008 at 4:22 pm

    I agree, it’s too bad the less expensive format didn’t prevail, though I’m sure Blue Ray will go down in price with time.

    There is a lot of chatter out there about streaming being the next big thing, but I don’t think that will happen within the next 5–7 years. It’s just too tech-complicated for the average person right now.