Read and review commentaries written by Morningstar experts. These observations and insights are specific to Mutual Funds.
7 Funds Reopening Amid Equity Meltdown
Past bear markets have shown that there likely will be more reopening announcements on the way.
by Russel Kinnel | 2020-03-30 04:00:00
We've received the first flourish of fund reopening announcements, and I'm sure there will be more. Some firms will reopen funds because stocks appear cheap, while others will reopen in order to stem the tide of outflows. So far, outflows from equity funds have been much milder than in bond funds, but past bear markets have shown that eventually investors begin to redeem many of their equity funds.On Friday March 27, 2020, Wasatch announced it was immediately reopening three funds. "The reopening of the strategies reflects Wasatch's view that current market volatility and dislocations present attractive opportunities for long-term investors," the firm said in a press release. "The firm remains committed to thoughtfully managing capacity and will continue to close strategies to protect performance for existing shareholders."Wasatch r… Full Story
Where Have New Managers Taken These Funds?
Looking at key manager changes to see what we've learned along the way.
by Russel Kinnel | 2020-03-30 04:00:00
Sammy Simnegar recently took the helm at Fidelity Magellan after a transition period in which he worked alongside the retiring Jeff Feingold. Simnegar has produced solid results at previous charges Fidelity International Capital Appreciation and Fidelity Emerging Markets.As a result of the change, we've upgraded the fund to a Morningstar Analyst Rating of Bronze--Magellan's first ever Morningstar Medalist rating. I'm sure that caused some eye rolls, as Fidelity Magellan has long struggled since Peter Lynch stepped down in 1990. Only Jeff Vinik had a good run at the fund since then. The fund's huge asset base and the spotlight it attracted may have contributed to some of the past disappointments.Yet should that past really matter? The fund doesn't get much attention anymore, and at $18 billion, it's not all that big for a large-growt… Full Story
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Mutual Funds: Commentary
Commentary
Read and review commentaries written by Morningstar experts. These observations and insights are specific to Mutual Funds.
7 Funds Reopening Amid Equity Meltdown
Past bear markets have shown that there likely will be more reopening announcements on the way.
Where Have New Managers Taken These Funds?
Looking at key manager changes to see what we've learned along the way.
7 Funds Reopening Amid Equity Meltdown
Where Have New Managers Taken These Funds?
What Drives ETFs' Premiums and Discounts?
Here's Why You Should Rebalance (Again)
A Conversation With the Sequoia Fund's Managers
Value and Momentum Fall Out of Favor, but for How Long?
How Are Global and Emerging-Markets Bond Funds Holding Up?
Navigating ETF Discounts and Premiums During Turbulent Times
Market Turmoil Hammers Dodge & Cox Stock
Has the Bear Market Been a Bonanza for Active Funds? Nope.
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