Comments on: Morningstar’s Manager Of The Year Nominees And Why You Shouldn’t Care http://amateurassetallocator.com/2009/12/23/morningstars-manager-of-the-year-nominees-and-why-you-shouldnt-care/ Amateur Asset Allocator Tue, 22 May 2012 02:58:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kyle http://amateurassetallocator.com/2009/12/23/morningstars-manager-of-the-year-nominees-and-why-you-shouldnt-care/comment-page-1/#comment-6453 Kyle Thu, 24 Dec 2009 19:23:51 +0000 http://amateurassetallocator.com/?p=3101#comment-6453 My stats are not off, as I didn't get them from Smart Money. Beating the MSCI EAFE is not even remotely impressive for a fund that invests in emerging markets, since emerging markets have almost TRIPLED the returns of the EAFE this year. EAFE is the wrong benchmark for the Artisan fund. My stats are not off, as I didn’t get them from Smart Money. Beating the MSCI EAFE is not even remotely impressive for a fund that invests in emerging markets, since emerging markets have almost TRIPLED the returns of the EAFE this year. EAFE is the wrong benchmark for the Artisan fund.

]]> By: Dany http://amateurassetallocator.com/2009/12/23/morningstars-manager-of-the-year-nominees-and-why-you-shouldnt-care/comment-page-1/#comment-6452 Dany Thu, 24 Dec 2009 18:22:09 +0000 http://amateurassetallocator.com/?p=3101#comment-6452 And maybe in some cases you SHOULD care: Nominated as co-manager of the year, (see "Jeffrey Gundlach and Philip Barach, TCW Total Return Bond (TGLMX)" above), Jeffrey Gundlach who just started Double Line LLC, is also nominated for Manager of the Decade for his funds' performance over the last 10 Years... And maybe in some cases you SHOULD care: Nominated as co-manager of the year, (see “Jeffrey Gundlach and Philip Barach, TCW Total Return Bond (TGLMX)” above), Jeffrey Gundlach who just started Double Line LLC, is also nominated for Manager of the Decade for his funds’ performance over the last 10 Years…

]]> By: Dave http://amateurassetallocator.com/2009/12/23/morningstars-manager-of-the-year-nominees-and-why-you-shouldnt-care/comment-page-1/#comment-6451 Dave Thu, 24 Dec 2009 17:08:37 +0000 http://amateurassetallocator.com/?p=3101#comment-6451 In regards to Artisan International Value (ARTKX) your statistics are off. Smart Money shows ARTKX in the top 32% YTD. Morning Star categorizes the fund differently and shows that the fund is in the 76 percentile, and not 90th. No mater how you categorize it ARTKX beat the MSCI EAFE index by about 300 basis points which should be good enough for any fund. Since Morning Star's criterion includes long term components hopefully they pick good overall funds. Although FPNIX's terrible performance does lend credence to your story. In regards to Artisan International Value (ARTKX) your statistics are off. Smart Money shows ARTKX in the top 32% YTD. Morning Star categorizes the fund differently and shows that the fund is in the 76 percentile, and not 90th. No mater how you categorize it ARTKX beat the MSCI EAFE index by about 300 basis points which should be good enough for any fund.

Since Morning Star’s criterion includes long term components hopefully they pick good overall funds.

Although FPNIX’s terrible performance does lend credence to your story.

]]> By: Paul Williams @ Provident Planning http://amateurassetallocator.com/2009/12/23/morningstars-manager-of-the-year-nominees-and-why-you-shouldnt-care/comment-page-1/#comment-6450 Paul Williams @ Provident Planning Wed, 23 Dec 2009 17:02:04 +0000 http://amateurassetallocator.com/?p=3101#comment-6450 Kyle, Thanks for pointing out what Morningstar will never tell the public! :) Another great resource for making this point is Weston Wellington of Dimensional Fund Advisors. I'm not sure if you can find any of his work online as I had access to DFA's advisor website at one point. But he collects "investment pornography" and proves why it's so useless to listen to the financial media. He's great for a laugh and a good lesson about ignoring all the noise! Kyle,

Thanks for pointing out what Morningstar will never tell the public! :) Another great resource for making this point is Weston Wellington of Dimensional Fund Advisors. I’m not sure if you can find any of his work online as I had access to DFA’s advisor website at one point. But he collects “investment pornography” and proves why it’s so useless to listen to the financial media. He’s great for a laugh and a good lesson about ignoring all the noise!

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