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Here are recommendation changes made earlier this week: ADFSX Recommendation Change- Reduce:
This relatively new Financial Services fund excellent performance in 2006. However, this year it has been under performing and has shown more volatility. It is up only 1.4% YTD. ARDEX Recommendation Change- Reduce:
This mid-cap value fund is a low volatility fund. However, it has been under performing its category for last six months. THOIX Recommendation Change- Accumulate:
This world stock fund is less than one year old. It seems to have average volatility and high performance. It is out performing its peer group. All of its percentile performance rankings are '1'! It is up about 15% YTD and over 40% since its July 2006 inception. This fund has a fund imposed short term redemption fee of 1% if sold in less than one month. It is available at Fidelity with a transaction fee of $75 on purchase and no transaction fee on sale. For all other users, check with your broker. Labels: Changes, Mutual Fund Recommendations
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posted by Ramesh Agarwal & Team @
Here are fund recommendation changes that were made last week:
DEUFX Recommendation Change- Accumulate:
This European fund was up 44% in 2006. This year, its performance is more average. However, it sees to have lower volatility compared to other European funds. It has a short term redemption fee of 2% if sold in less than 60 days. This fund is available at Schwab as a no load no transaction fee fund. It is also available at Fidelity, however, Schwab has lower short term redemption fees. For all other users, check with your broker. We are buying it at Schwab.
DLS Recommendation Change- NewBuy:
In June 2006, Wisdom Tree started a series of domestic and international dividend based ETFs. These represent the value segment of the market. This ETF represents the International Small/midCap Value segment. This is first of its kind. It is up 9.3% YTD, significantly out performing broad indexes. Please note that in model portfolios, all ETFS are traded near the close of the market.
EWP Recommendation Change- Hold:
The European ETF gained 49% in 2006. During Feb/March 2007 downturn, it dropped 10%. However, now it has fully recovered. If you have not already sold it, hold on to it.
EXWAX Recommendation Change- Hold:
This foreign large cap blend fund has rather erratic performance. It has some very good years and some very bad years. Overall it has lower risk justifying its purchase. During the previous two market drops, it went down less than its peers. Its long term performance rankings are very good. It is available at Fidelity as a no load no transaction fee fund. The minimum initial investment requirement has been reduced to $2,500. For all other users, check with your broker. We are buying it at Fidelity.
FMICX Recommendation Change- NewBuy:
This is a low volatility high performance fund. During the recent downturn, it dropped less than 5%. It is out performing its category and S&P 500. It is up 25.7% over last one year. On the negative side, this fund did poorly in 2005. This class C fund is available at Fidelity but not Schwab. It carries a deferred fee of 1% if sold in less than one year.
GSXAX Recommendation Change- Hold:
This fund had good performance during the bull cycle of last three years. For last three months, it is under performing its category resulting in this downgrade. At present, this fund is closed to new investors.
OBIOX Recommendation Change- NewBuy:
This is a new Oberweis international fund. It has the same manager as our high performance China Fund - OBCHX. During Feb/March downturn, it dropped less than OBCHX. It has recovered all its losses. It is likely to be a high performance diversified international fund. It has a short term redemption fee of 2% if sold in less than 3 months. This fund is available at Schwab as a no load no transaction fee fund. It is also available at Fidelity, however, Schwab has lower short term redemption fees. For all other users, check with your broker. We are buying it at Schwab.
TAVIX Recommendation Change- Liquidate:
For several years, it was a good performer with low risk. However, now for more than one year, it is seriously under performing its category. Almost all its percentile rankings are in high 90's. It is up less than 10% over last one year.
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posted by Ramesh Agarwal & Team @
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