| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 127.1 | Int'l Suggestions | AKOCOA::GLANTZ | | Wed Mar 25 1992 22:29 | 19 |
| There was an article on building a mutual fund portfolio in the 3/18/92
edition of the Wall St J.
One financial advisor recommended index funds:
8% in Vanguard Int'l Index - Pacific
7% in Vanguard Int'l Index - European
Another financial advisor recommended playing the current fashion:
35% in Harbor Int'l Fund
A third FA said invest with the stars. He recommended:
30% in Harbor Int'l Fund
A fourth FA suggested:
6-14% in T. Rowe Price Int'l Stock
To get a prospectus from Harbor, call their answering machine at any
time at (800) 422-1050, and leave your name and address.
|
| 127.2 | Definitions wanted | TPSYS::SHAH | Amitabh Shah - Just say NO to decaf. | Thu Mar 26 1992 18:02 | 10 |
| Somewhat tangential to the base note request, but...
WSJ, on page C_last-2 gives Mutual Fund Scorecards by various
categories. Amongst the international categories, WSJ uses at least
3 different ones: International, Global, and World (Income).
OTOH, Lipper only maintains an International Index.
Would someone please explain to me the differences between these
three categories?
|
| 127.3 | | NYFDIN::SAMBAMURTY | Raja | Thu Mar 26 1992 20:53 | 14 |
| Re: <<< Note 127.2 by TPSYS::SHAH "Amitabh Shah - Just say NO to decaf." >>>
Global funds can invest in the U.S as well as outside of the U.S.,
whereas In'tl funds invest only in foriegn equities & sometimes fixed
income (of course they all usually have a provision to go 100% U.S
Treasuries for defensive reasons). I am not entirely sure what World
income is, but it sounds like a In'tl (global) bond fund.
Re: .0
Some of acclaimed Int'l funds are, Harbor & Templton funds. The latter
has a big load. I personally have had money in the Scudder fund for the
last 2 years and it really hasn't gone anywhere (then again most In'tl
funds have had 2 bad years).
|
| 127.4 | More info needed | CGOOA::DURNIN | | Fri Mar 27 1992 15:10 | 42 |
|
Hi,
re.1 ... If you still have the article here are a couple of questions that
might save me a trip to the downtown library....thanks
As well, for other readers of this note.... How about commenting on Global
Funds as well here as these have a free rein in choosing the best investment
market U.S. included!!!!!
There was an article on building a mutual fund portfolio in the 3/18/92
edition of the Wall St J.
One financial advisor recommended index funds:
8% in Vanguard Int'l Index - Pacific
7% in Vanguard Int'l Index - European
>> What other percentages did this fellow recommend for other parts of the
portfolio.
Another financial advisor recommended playing the current fashion:
35% in Harbor Int'l Fund
>> I have not heard of Harbor. Can you comment at all about it's manager and
the performance record of the fund medium to long term. Also, the fact
that it is recommended by 2 FA's must indicate something. Maybe, the
manager is the next Lynch??? or has his track record.
A third FA said invest with the stars. He recommended:
30% in Harbor Int'l Fund
A fourth FA suggested:
6-14% in T. Rowe Price Int'l Stock
To get a prospectus from Harbor, call their answering machine at any
time at (800) 422-1050, and leave your name and address.
>> The 1-800 number does not work from my calling area. Can you publish the
regular phone number and address of this fund.....Thanks for your help!!
Jim
|
| 127.5 | The poop on Index portfolio & Harbor Int'l | AKOCOA::GLANTZ | | Sat Mar 28 1992 18:10 | 38 |
| Following up on .1 and .4:
The Wall St. J. article on building the right mutual fund portfolio
recommended several ways to do it, depending on your philosophy.
Not many investors realize that 3/4 of all general equity mutual funds
underperformed the S&P 500 Index over the past 5 years. Index mutual funds
emulate popular stock or bond market indices. Such funds have low expenses,
since they don't have to pay for analysts.
The portfolio recommended for proponents of this style of investing is:
43% Vanguard Index - 500 --\ or 60% Vanguard Total
17% Vanguard Index - Extended Market --/ Stock Market
8% Vanguard Int'l Index - Pacific
7% Vanguard Int'l Index - European
25% Vanguard Bond Market [should vary this percentage with your age]
---
InternationaL funds have not as fared well as U.S. growth funds over the past
3 years; but among the internationals, Morningstar says Harbor "looks fantas-
tic". Quoting Morningstar further, "manager Castegren has generated superior
results by ... treading cautiously in the pricey Japanese market, [keeping]
his Japan bet to a mere 10% of assets. And Castegren has completely avoided
Germany. Castegren prefers to invest in the world's smaller markets, which can
be exceptionally profitable. He made a mint on the Pacific Rim this year, as
Hong Kong, Australia, and Singapore soared. Meanwhile a 10% Mexican stake
proved red hot. Such off-beat bets have made Harbor one of the best
international funds around."
An article in Barron's, 1/6/92, p. 33, says about Castegren, "His record is
phenomenal." [relative to other international funds]
The fund has only been around since 12/29/87. Minimum purchase is $2000.
Here's their regular phone number: (419) 247-2477
And their address: One SeaGate, Toledo OH 43666
|
| 127.6 | BEA/Lazard-Freres/Morgan Stanley | CGOOA::DURNIN | | Sun Mar 29 1992 16:43 | 27 |
| Hi,
Thanks .1 for you valuable input.... How about everyone else!!!
In Canada, one of the interesting and profitable funds of recent is the
Universal Global Fund run by New York based BEA and Associates. Run
specifically by Emilio Bassini (spelling?) this fund likely has a
philosophy similar to Harbor. The manager has invested significantly
in Mexico and the Pacific Rim emerging markets and is a stellar
Canadian performer.
I understand that BEA has some closed end funds trading on the NYSE and
possibly/likely a U.S. based Mutual Fund. They have been written up
in Barron's and listed as one of the top U.S. based International Fund
Managers. If anyone owns any of its U.S. based products perhaps they
can comment further.
One other Canadian based International/Global Fund is BPI
International. Managed until recently by Morgan Stanley Asset Mgt., It
is now managed by Lazard-Freres (spelling) out of the U.S.. Both of
these companies have appeared as well in the Barron's annual survey
of top investment advisors. Any comments????
Thanks for Now and let's see if we can get some more
discussion...please
Jim
|
| 127.7 | T. Rowe Price Intl./ Janus Fund | CGOOA::DURNIN | | Tue Apr 21 1992 20:32 | 16 |
| Hi,
I've done some research on International Funds based out of the US.
The top ones that I come up with are T. Rowe Price Intl., Vanguard
World International Growth.
These are both no load funds and I believe the edge goes to T. Rowe in
that they have superior performance over Vanguard.
Also a little off topic here is that the Janus Fund appears to be an
excellent performer as a no load fund. This is a growth fund US based
investments mostly.
Regards,
Jim
|