October Update Marks MFO Premium’s 5th Year Anniversary

On Sunday 8 November, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through October 2020.

 

MFO Premium launched five years ago this month. In David’s “Invitation To Join” letter of 19 November 2015, he highlighted three special characteristics the new site offered subscribers:

 

  1. It’s interesting: so far as we can tell, most of this content is not available in the tools available to “normal” folks and it’s stuff we’ve found useful.
  2. It’s evolving: our current suite of tools is slated to expand as we add more functions that we, personally, have needed or wanted.
  3. It’s responsive: we’re trying to make our tools as useful as possible. If you can show us something that would make the site better and if it’s within our capabilities, we’ll likely do it.

 

From the beginning we have sought to provide individual investors and financial advisers a unique set of search tools to help cull through the overabundance of fund choices available today.

 

Thanks to your loyal support and continued feedback, the site’s evolved significantly since going live five years ago. A primer can be found in the latest webinar material and from screenshots available in the upper right corner of the welcome page.

 

New MulitSearch features this month include criteria to select funds based on Return Greater Than Yield, Yield Ratings, and Industry Sector Allocations, as described in this month’s commentary.

 

As always, if you see anything amiss or have suggestions for improvement, let us know and we will respond soonest.

 

Can’t thank you enough for your continued support!

 

Please enjoy the latest data and site features.

Capital Migrates To Best Fund Families In September 2020 MFO Ratings Update

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium on this past Sunday, 4 October, reflecting performance through September 2020 or 3rd Quarter.

 

The MFO Fund Family Scorecard reveals 31 families (like Winning Points, Huber, Saratoga) where every fund has underperformed since launch by an average of -3.2% per year. Combined they represent $15B in assets under management (AUM), carrying an annual expense of $173M per year nominally for the privilege of owning them. Can you believe that?

 

Fortunately, most assets gravitate to best performing families. Let’s break the families down by AUM: first, the largest families with greater than $1T; second, next tier with AUM greater than $500B, and finally those greater than $100B.

 

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An Overkill of Funds in August MFO Ratings Update

On Monday 7 September, Labor Day, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through August 2020.

 

There are now more than 10,000 US funds (OEFs, ETFs, CEFs). 10,007 to be precise. That excludes Insurance Funds, which number 2,107. Add in all share classes and the number explodes to 32,094.

 

Here’s latest breakout found in our Lipper (Refinitiv) Global Data Feed, oldest share class only, plus averages and indices:

 

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June MFO Ratings Update

This past Sunday, 5 July, all fund risk and return metrics, ratings, and analytics were uploaded to the site, reflecting performance through June 2020.

 

In the three months since March’s steep decline, just about all asset classes have advanced, some dramatically, especially technology. To review funds during this period, MultiSearch users can set Display period to “QE Infinity.” To view its recent flip-side, change the Display period to “CV-19 Bear,” which depicts performance across the first three months of the year.

 

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Rebound Continues … MFO Ratings Updated Through May 2020

All fund risk and return metrics, ratings, and analytics have been uploaded to MFO Premium, reflecting performance through May 2020.

The S&P 500 continues to recover from its March lows, now off just a few percent YTD. The rebound has been driven mostly by the tech leaders: Microsoft, Apple, Amazon, Google, and Facebook. These five companies comprise nearly $6T in market cap and represent 20% of the broader US index.

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MFO Ratings Updated Through April 2020

All fund risk and return metrics, ratings, and analytics have been uploaded to MFO Premium, reflecting performance through April 2020, which was the first positive month for S&P 500 this year.

Considering the shock to global economies caused by CV-19, year-to-date returns don’t seem so bad … S&P 500 off just 9.3% (thank you FAAMG). World indices off 15-20%. NASDAQ is just about even. Aggregate US bonds posting a comforting +5% (thank you Jay Powell).

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Damage Assessment: MFO Ratings Updated Through March 2020

All fund risk and return metrics, ratings, and analytics were uploaded yesterday to MFO Premium, reflecting performance through March 2020.

It was a bad month. The pandemic’s economic impact is reminiscent of the financial crisis, only transpiring much faster. The world was unprepared. Hearing about “CV-19” at first seemed remote and contained, like the term “sub-prime mortgages.” Then, all at once, it was everywhere and raging.

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