I think the IndexUniverse article just made a typo in saying DEM lagged at the five year mark.
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11 comments:
Excellent comments Roger. Wise guidance as always. Even for those of us over 60. I wish I had your patience, but I'm getting better.
Anyway, am balancing/comparing my portfolio this morning, and looked at two of my ETFs, MXI and DBN which together constitute about 1.8% of my total portfolio, but 8.6% of my basic materials holdings. I know it is redundant to hold both, but want to choose "wisely" between the two. I couldn't find the expense numbers for both of them. Which would you choose, and for what reasons?
Tom
Please spell out the symbol for the Brazilian Company that you mentioned. I tried several combinations that sounded like "CBRD" and "CVRD", etc. but no luck. Is it traded on US exchanges? Sorry, I don't remember you mentioning it previously.
Thanks
Hi Roger,
Always good guidance, and your straight talking is much appreciated. I have a couple of questions regarding DEM.
- How would you compare it to AEMGX, that's quite similar and performs very well. I have to say I've not fully catched how you peformed the backwards analysis, so I'm unable to reproduce this with AEMGX myself.
- You mentioned a super high yield israel share, are you talking of Teva Pharma?
Regards,
Felix
Maybe Companhia Brasileira de Distribuicao (CBD)? Seems to be held by quite a few funds.
FYI, I've found the following two sites pretty useful for tracking down foreign equities:
Listing of all ADRs:
http://tinyurl.com/llqt
Largest companies by country:
http://tinyurl.com/2y5yqn
Better link to the ADR listings:
http://tinyurl.com/2e95za
After further review, I'll bet the mystery stock is Banco Bradesco (BBD). Seems to be more in line with Roger's sector preferences then CBD.
If anyone still wants/needs to know, I believe Roger was refering to CVRD, a world class Brazilian Mining & Materials Company. The ADR ticker symbol is actually RIO.
Darn, looks like I missed on both guesses... lol. RIO looks like a winner.
As a company, RIO is most definitely a "winner". As a stock, right now it is extremely
overbought in every timeframe. Anyone interested would be well advised to wait (hope?) for a significant correction.
I will answer the MXI DBN question in a post tomorrow morning.
Apologies for what must have been mumble-mouth syndrome. It was CVRD ticker RIO. I'm a little surprised that was such a big focus but since it was... no one should by the stock off of a random mention like this.
Re DEM vs AEMGX: I have never heard of the fund. It appears to have done very well relative to the group but there is no way to do a forward looking analysis because there is no way to know what is in the fund now or what the manager will do at any point in the future.
The analysis boils down to "yes I think the manager can repeat the success."
The turnover in an ETF will be much less and you can expect that the things it is heavy in now it will be heavy in next year and you can analyze that if you are so inclined.
The OEF might be better but I don;t know how you can know.
Most clients own TEVA but it hardly pays any dividend at all, I was referring to something else, the name is irrelevant.
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