While everyone is aware of Vanguard and the Fidelity fund families, there's always the chance that either company will disappear whether through a merger or through management incompetence. One of the traders asked me which fund families I would look at regardless of the annual costs. Here are five, in no particular order:
Dodge and Cox, http://www.dodgeandcox.com
The Royce Funds, http://www.roycefunds.com
The Torray Funds, http://www.torray.com
Tweedy, Browne Co., http://www.tweedybrowne.com
Just a reminder that for 90% of investors, change is not necessary. However if you're one of the 10% who's underperforming your peers, comparing how these funds are doing with both your portfolio and the market averages is one investment possibility.
Edit June 4, 2007, The Weitz Funds was removed because one of their main funds was featured on fundalarm.com. While the prior 12-year fund history is among the top quarter, it's what they're doing now that matters to investors. The main argument against is that their reasoning for continuing to hold their core holding, Countrywide Financial as it declined from its highs, was somewhat wishy-washy. While no fund manager is perfect, by not admitting one's mistakes upfront sends a mixed message on whether they are watching what's working in today's markets.
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