Details

Autor(en) / Beteiligte

• Tanzer, Andrew

Titel

How the Kiplinger 25 Performed Over the Past Year

Ist Teil von

• Kiplinger's personal finance, 2011-05, Vol.65 (5), p.1

Ort / Verlag

Washington: Kiplinger Washington Editors

Erscheinungsjahr

2011

Quelle

Business Source Ultimate【Trial: -2024/12/31】【Remote access available】

Beschreibungen/Notizen

• The year 2010 was one in which investors who embraced the risk of stocks and commodities were well rewarded. On average, Kiplinger's 14 domestic stock funds returned 16.7%. Four changes were made to the 2011 Kiplinger 25. The most controversial decision was to drop Fairholme Fund, which returned 12.2% in 2010. The problem is that Fairholme's assets have grown enormously, and financial stocks now dominate the concentrated portfolio, which may elevate risk. Fairholme is replaced with Oakmark Global, which is run very differently than Fairholme but is similar in that its managers are dyed-in-the wool value investors with a mandate to invest in just about any kind of company, regardless of size or location. In the bond sector, Vanguard Inflation-Protected Securities is dropped. Replacing the Vanguard fund is DoubleLine Total Return, which is an entirely different animal. It invests in relatively high-yielding mortgage securities. Meanwhile, Pimco CommodityRealReturn Strategy is replaced with Harbor Commodity Real Return Strategy, a clone of the Pimco fund.