3 no-load mutual funds that are now reopened.
Posted on | June 11, 2009 |
The last 8 months or so have been undeniably painful for anyone investing in stock market, but the market crash has produced some new opportunities for investors. One of these opportunities is the chance to invest in mutual funds that have been closed to new investors for some time.
Money Magazine recently spotlighted 3 no-load mutual funds that have out performed their peers over the past 12 months and have a solid long-term track record of strong performance. These funds were previously closed to new investors, but have now reopened.
Artisan Mid-Cap Value Fund(ARTQX)
This Mid-Cap value fund sports a -31.8% (!) return for the past 12 months. Yikes! That gives you some idea of just how poorly mid-cap stock funds have performed. The expense ratio is 1.21%. Money likes this fund because the 3 person management team invests in medium sized companies with strong balance sheets that have been knocked down in price because of short term factors, and sell when the stock becomes overvalued.
Sequoia (SEQUX)
This legendary Large-cap blend fund has (only!) taken a -29.9% hit over the past year, and follows the Buffett style of investing. The fund only holds about 25 stocks, and most are high quality companies, trading at a discount. The Sequoia expense ratio is 1%.
T. Rowe Price Mid-Cap Growth (RPMGX)
This Mid-Cap growth fund lost 33.2 % last over the past year but sports a low 0.82% expense ratio. The fund manager, Brian Berghuis, invests in companies with rapid earnings growth, but avoids excess risk. What does this mean? Well, Berghuis avoids stocks trading at a premium and holds about 130 stocks for diversification.
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