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Post by chang on Jul 23, 2021 1:12:09 GMT
D&C has updated their web site: dodgeandcox.com/EMSF_character.aspUnlike their other funds, this is a quant fund with 200 stocks. As expected, the 12.5 P/E indicates a value bias. Top holdings: TEN LARGEST HOLDINGS (% MARKET VALUE)
Alibaba Group Holding, Ltd. (China) 6.4
Samsung Electronics Co., Ltd. (South Korea) 5.4
ICICI Bank, Ltd. (India) 3.7
Naspers, Ltd. (South Africa) 3.6
Baidu, Inc. (China) 3.2
Itau Unibanco Holding SA (Brazil) 3.0
Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan) 3.0
Prosus NV (Netherlands) 2.6
Glencore PLC (United Kingdom) 2.4
Grupo Televisa SAB (Mexico) 2.1 |
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Deleted
Deleted Member
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Post by Deleted on Jul 23, 2021 16:14:15 GMT
Does quant fund means computer algorithm decides the holdings instead of managers?
Is that good or bad?
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Post by yogibearbull on Jul 23, 2021 16:36:58 GMT
@waffle , some fund managers like to kick tires - visit companies, talk to managers and competitors and use that info in conjunction with company reports. They hope to find some unique insights that everyone else may be missing. As expected, ERs tend to be high.
Quant funds just use computer screens to narrow hundreds/thousands of stocks into a manageable number. Some boast about never visiting a company or not wasting time talking to management (thinking that they will only give good info and hide bad info). ERs can be low.
Both extremes can be bad.
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Post by retiredat48 on Jul 24, 2021 3:38:50 GMT
Wow, look at all the China/SE Asia Tech holdings, which are taking a bath recently.
R48
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Post by johntaylor on Aug 15, 2021 14:56:36 GMT
Re quant, I prefer a guy with not only an MBA, but also a MBWA (management by walking around) degree.
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Post by chang on Aug 23, 2021 2:21:20 GMT
Re quant, I prefer a guy with not only an MBA, but also a MBWA (management by walking around) degree. No argument here. I have always been anti-quant funds, for various reasons. Basically, they work until they don't, and when they don't, it's usually pretty catastrophic. Bridgeway, Team Asset Strategy, Wegener, ... the list is endless. Even VG's minimum volatility quant fund fell flat on its face. I nibbled on DODEX before the quant strategy was fully disclosed. Now that I can see the list of holidngs, I have already spotted a couple of holdings that no manager in his right mind would own (due to well publicized corruption issues). Hence, I am bidding adieu to DODEX today and distributing the proceeds into other funds in the IRA account. |
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