European Shorting
| New Threads Only: |  |  |  |
|
|---|---|---|---|---|
| New Threads & Replies: | | | |
|
Forum List » Guru News and Commentaries Guru News, Stock picks and commentaries  
7 Once-Stellar Funds Poised for a Comeback
Posted by: guruek
(IP Logged)
Date: December 8, 2008 03:33PM
Lately it seems like whenever we talk to advisors and industry watchers, there's one fund family that generates the most discussion: Dodge & Cox. The venerable 78-year-old firm got caught this year holding stocks like Fannie Mae (FNM: 0.87, -0.01, -1.13%), AIG (AIG: 1.94, +0.10, +5.43%) and Wachovia (WB: 5.85, +0.58, +11.00%) as those companies spiraled downward. That's caused the flagship Dodge & Cox Stock (DODGX) mutual fund to post a 47.7% loss in 2008, worse than the S&P 500 index's 41.1% decline and far worse than a majority of competitors.
That's an unaccustomed place for this company. Its funds ordinarily are ranked high in their respective categories, not near the bottom of them. Indeed, Dodge & Cox Stock has returned an average annual 4.4% the last decade, a tally that puts it near the top of the large-cap value category, one of the most crowded (and competitive) groups in the industry. That leaves shareholders wondering: Will Dodge & Cox make a comeback? While we think the answer is an unequivocal yes, we also realize we don't have a crystal ball. Unfortunately for investors there are plenty of other funds out there that sport a similar penthouse-to-the-doghouse track record. They are all left pondering what to do Read the complete story
Sorry, only registered users may post in this forum.
Please Login if you have an account or Create a Free Account if you don't |
Feedback
My Portfolios
Browse Gurus
RSS