| Author |
Message |
David Glass
Guest
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 Posted:
Wed Aug 31, 2005 12:02 am Post subject:
Mutual Fund Selection Tool |
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I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas?
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Herb
Guest
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| Posted:
Wed Aug 31, 2005 12:02 am Post subject:
Re: Mutual Fund Selection Tool |
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"PeterL" <po.ning@gmail.com> wrote in message
news:1125437381.919328.102640@g43g2000cwa.googlegroups.com...
| Quote: | x-no-archive: yes
Elle wrote:
There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
If he is looking at 5 year returns I would not call it "chasing
returns". If a fund loses money for five straight year I would run,
like the wind, away from that.
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As would I. There is evidence that underperforming funds continue to
underperform. Unfortunately, the opposite is not supported by the evidence.
A good 5 year return says little about the fund's performance going forward.
-herb |
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PeterL
Guest
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| Posted:
Wed Aug 31, 2005 12:02 am Post subject:
Re: Mutual Fund Selection Tool |
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x-no-archive: yes
Elle wrote:
| Quote: | There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
|
If he is looking at 5 year returns I would not call it "chasing
returns". If a fund loses money for five straight year I would run,
like the wind, away from that.
| Quote: | "David Glass" <dglass@sonic.net> wrote
I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas? |
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Elle
Guest
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| Posted:
Wed Aug 31, 2005 12:02 am Post subject:
Re: Mutual Fund Selection Tool |
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There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
"David Glass" <dglass@sonic.net> wrote
| Quote: | I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas? |
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Gary C
Guest
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| Posted:
Wed Aug 31, 2005 7:04 am Post subject:
Re: Mutual Fund Selection Tool |
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"Elle" <elle_navorski@nospam.earthlink.net> wrote in message
news:xU3Re.5228$z2.4991@newsread3.news.pas.earthlink.net...
| Quote: | There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
|
Answer his question with a statement, not another question!
| Quote: | "David Glass" <dglass@sonic.net> wrote
Any ideas?
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| Quote: | "David Glass" <dglass@sonic.net> wrote
I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas?
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Elle
Guest
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| Posted:
Wed Aug 31, 2005 8:02 am Post subject:
Re: Mutual Fund Selection Tool |
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"Herb" <XXX@YYY.COM> wrote in message
news:T%4Re.3027$kn4.2442@bgtnsc04-news.ops.worldnet.att.net...
| Quote: |
"PeterL" <po.ning@gmail.com> wrote in message
news:1125437381.919328.102640@g43g2000cwa.googlegroups.com...
x-no-archive: yes
Elle wrote:
There is evidence that chasing returns does not pay. Have you
considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
If he is looking at 5 year returns I would not call it "chasing
returns". If a fund loses money for five straight year I would run,
like the wind, away from that.
As would I. There is evidence that underperforming funds continue to
underperform. Unfortunately, the opposite is not supported by the
evidence.
A good 5 year return says little about the fund's performance going
forward. |
I'm too lazy to check at the moment, but might this then rule out the
various (and relatively popular, ISTM) S&P 500 index funds, such as VFINX? |
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Herb
Guest
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| Posted:
Wed Aug 31, 2005 8:02 am Post subject:
Re: Mutual Fund Selection Tool |
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"Elle" <elle_navorski@nospam.earthlink.net> wrote in message
news:Y49Re.3730$Wd7.395@newsread1.news.pas.earthlink.net...
| Quote: |
"Herb" <XXX@YYY.COM> wrote in message
news:T%4Re.3027$kn4.2442@bgtnsc04-news.ops.worldnet.att.net...
"PeterL" <po.ning@gmail.com> wrote in message
news:1125437381.919328.102640@g43g2000cwa.googlegroups.com...
x-no-archive: yes
Elle wrote:
There is evidence that chasing returns does not pay. Have you
considered
simply a low cost, small cap domestic index fund? Vanguard has a
few.
If he is looking at 5 year returns I would not call it "chasing
returns". If a fund loses money for five straight year I would run,
like the wind, away from that.
As would I. There is evidence that underperforming funds continue to
underperform. Unfortunately, the opposite is not supported by the
evidence.
A good 5 year return says little about the fund's performance going
forward.
I'm too lazy to check at the moment, but might this then rule out the
various (and relatively popular, ISTM) S&P 500 index funds, such as VFINX?
|
No. I'm talking about the performance of fund managers. The OP wanted to
know about funds with good 5 year performance and the same manager still
there.
I will agree, though, that the last 5 years' performance of the S&P tells us
very little about the next 5 years.
-herb
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msf
Guest
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| Posted:
Wed Aug 31, 2005 8:02 am Post subject:
Re: Mutual Fund Selection Tool |
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In article <df8Re.3117$v83.977@newssvr33.news.prodigy.com>,
Gary C <Clem_Kadiddlehopper@Crazy_Googinheimer.com> wrote:
| Quote: |
"Elle" <elle_navorski@nospam.earthlink.net> wrote in message
news:xU3Re.5228$z2.4991@newsread3.news.pas.earthlink.net...
There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
Answer his question with a statement, not another question!
|
Fidelity's screener, for one, will do a good job on David's sample query
(though its response will be limited to the 4500 or so funds that Fidelity
Brokerage sells).
http://screener.fidelity.com/ftgw/evaluator/C/Control/QnRFdMfadvsearchbricklet
For the first selection criterion (investment category), check off domestic
small value, blend, and growth boxes. In the middle, at "Total Returns",
set the 5 year requirement as high as it will go (>=20%). Under "Manager
Tenure", select >=5 years.
This returns 13 funds; by clicking on the heading "5 year", one sorts by 5
year performance. (If one wants more funds, one can set the "Total Returns"
at >= 15%, to see the top 75 funds; sort again by 5 year performance.)
Most of the top funds are closed. The ones that are open, in descending
order of 5 year performance are:
Bridgeway Ultra-Small Co Market (BRSIX) - blend
Berwyn Fund (BERWX) - value
Stratton Small Cap High Yield (STSCX) - blend
Perritt Micro Cap Opportunities (PRCGX) - blend
FBR Small Cap A (FBRVX) - growth
Texas Capital Value & Growth (TCVGX) - blend
Heartland Value (HRTVX) - value
Wilshire Target Small Co Value Inst (WSMVX) - value
James Adv Small Cap A (JASCX) - value
Wilshire Target Small Co Value Inv (DTSVX) - value
(the 8th and 10th are just two share classes of the same fund)
These are sorted in load-adjusted return order. If one wants raw returns,
there is a non-load-adjusted returns view that you can sort as well (here,
the load funds will move up a bit, since they are no longer being penalized
for their loads).
| Quote: |
"David Glass" <dglass@sonic.net> wrote
Any ideas?
"David Glass" <dglass@sonic.net> wrote
I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas?
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Norm De Plume
Guest
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| Posted:
Wed Aug 31, 2005 4:01 pm Post subject:
Re: Mutual Fund Selection Tool |
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David Glass wrote:
| Quote: | I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas?
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If you have a search tool that can find the best fund for the next 5
years, why do you need the other information? |
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