Approach with caution, perhaps mixed with mild annoyance. Brown Brothers, Harriman announced a series of moves this month:
on September 9, 2019, they launched BBH Select Series – Large Cap Fund (BBLRX/BBLIX)
on September 20, 2019, they announced the closing of BBH Core Select (BBTEX) to new investors
on September Continue reading
Dear friends,
Egad! The fall semester has begun and my campus is swarming with students! Worst of all, they expect me to have something sensible to say at 8:30 Tuesday morning. I’m doomed!
For those of you thinking, “yes, that’s all well and good, but what does Snowball sound like? Does he have an annoying twang in real-life like he does when I hear him in my head? I’m sure he’s got a guilty-looking Continue reading
There are a number of critical activities that most of us swear we’ll do tomorrow: schedule a colonoscopy, get to the gym, talk to your siblings, check your portfolio’s downside.
It’s time!
T.S. Eliot declared Continue reading
On May 31, 2019, Harbor Funds launched Harbor Focused International (HNFIX/HNFSX). Harbor has eight international and global funds, of which three were either launched or relaunched this year. HNFIX is the most recent of those innovations.
Harbor Focused International will pursue capital appreciation. The fund will invest in 25-40 stocks from developed and emerging international markets. It will be an all-cap portfolio (minimum cap is just $1.5 billion) that is benchmark-agnostic. As a result, it might substantially overweigh some regions, sectors or styles if that’s what Continue reading
Since the number of funds we can cover in-depth is smaller than the number of funds worthy of in-depth coverage, we’ve decided to offer one or two managers each month the opportunity to make a 200 word pitch to you. That’s about the number of words a slightly manic elevator companion could share in a minute and a half. In each case, I’ve promised to offer a quick capsule of the fund and a link back to the fund’s site. Other than that, they’ve got 200 words and precisely as much of your time and attention as you’re willing to share. These aren’t endorsements; they’re opportunities to learn more. Continue reading
The Securities and Exchange Commission, by law, gets between 60 and 75 days to review proposed new funds before they can be offered for sale to the public. Each month, Funds in Registration gives you a peek into the new product pipeline. Most funds currently in registration will become available by late October.
Our list contains 37 new funds and active ETFs, with another 15 (unlisted) high minimum institutional funds and passive ETFs. Funds worth putting on your radar include FPA Balanced, a 60/40 fund with A-tier managers; three new funds from Continue reading
Three advisers are vying for this month’s “they’re doing what? Did I read this right?” award for moves where we were, literally, reading the filings aloud, slowly, to be sure we weren’t missing something.
BlackRock Focus Growth (MAFOX) will undergo “a reorganization with another BlackRock-advised fund” in the fourth quarter of 2019. In the reorganization, the $1 billion, Continue reading
Dear friends,
Welcome to our annual summer seersucker edition of Mutual Fund Observer! Lots of folks are on vacation – we got nearly 200 “I’m on vacation! Huzzah!” auto-replies to our monthly announcement – and lots of folks are coping with unprecedented heat. The triple digit temps that toasted about two-thirds of the US in mid-July are being repeated across Europe now.
American cities are poorly prepared for heat waves; European cities are far more poorly constructed for them since their summer highs used to be 10-20 degrees cooler than what’s typical in the Continue reading
The word of the week is “Mauritius.”
For those of us who dozed through World Geography we’ve highlighted the country in question.
Google kindly offers the following snapshot: “Mauritius, an Indian Ocean island nation, is known for its beaches, lagoons and reefs. The mountainous interior includes Black River Gorges National Park, with rainforests, waterfalls, hiking trails and Continue reading
One of the charms of our country is all of the stuff we don’t ask. Our federal census does not, and has not since the 1950s (quick thanks to David Moran for his insight into census history), asked people about their religious preference or practices. That’s good because it’s none of the guvmint’s damned business. It’s also bad because religion is an important element of our individual and collective culture; in the absence of official estimations, a host of (sometimes laughably inept) unofficial calculations substitute.
The Pew Research Center (2018) estimates that there are “3.45 million Muslims of all ages living in the U.S. in 2017, and that Continue reading