Sun 1 Jun 2008
It’s worth a quick note that a few great actively managed mutual funds have re-opened for new investors:
- DODGX – Dodge & Cox Stock Fund – large cap value
- LLPFX – Long Leaf Partners – large cap blend of growth and value
- SEQUX – Sequoia – large cap growth
- TASCX – small cap blend of growth and value
These mutual funds closed to new investors at various points in the past because their fund managers did not feel that the existing fund holders would benefit from new investors rushing in when performance was hot.? It’s not too common that a fund manager sides with their existing fund holders rather than growing their assets under management (more assets = more fees), so it’s worth noting when a manager does the right thing.
They’re all off their highs from last year, but for long term holdings, these mutual funds are a good bet.