A lot of the companies these funds have invested in have run pretty hard. Chasing performance here is probably a recipe for disaster.
A lot of the funds in this rally are really some of the more speculative, riskier ones around and investors should be careful about chasing their performance.
Any time you see a substantial deviation in returns with a fund compared to its category, it's usually because it's taken a substantial risk to get there. These funds aren't less risky now. It's just that the stocks they've invested in have finally started to come back.
Classic Bill Miller is to find companies that other people don't like and see if the projections were incorrect.
Clearly he underperformed badly during his tenure. He had a large bet in place on some of the biggest stocks on the market.
He has long stayed out of energy, and it's been the leading category. That really held the fund back, but more recently energy hasn't been a great place to be.
I don't have a crystal ball, but travel is likely to slow.
I think that has been thrown into doubt by her failure to innovate in asset management.
I think the odds are good. I would be surprised if he didn't (beat the S&P).
I think they're on the right track with the changes they're making, but only time will tell if the execution will work out.
If it's a trend, it's going to be slow moving.
If you're thinking about buying an Internet fund, you have several options. But people are waking up to the risks of the sector. All of a sudden you've got a smaller group of people who want to take the plunge.
Investors are more aware of the risks associated with these offerings. We'll see more consolidation of technology funds and that's a healthy thing.
Investors should never go into a tech fund expecting stability.
It's a nice marker of his consistency, but I wouldn't think less of him if he didn't make it.
Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.
Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.