Home
In this issue
April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

6 Promising New Funds

By Carolyn Bigda





No track record, no problem. Bill Miller's latest venture and five others are worth a shot


JewishWorldReview.com | Investing in a new mutual fund often requires a leap of faith. But if the fund has a veteran manager, charges low fees or offers an investment strategy that can add some pizazz to your portfolio, the jump may be worth making.

For years, the name Bill Miller was synonymous with excellence. Under his guidance, Legg Mason Value beat Standard & Poor's 500-stock index for 15 straight years, a record no other fund has come close to matching. But Value imploded in 2008, losing 55% and tarnishing Miller's reputation. Miller no longer runs Value, but another fund he manages, Legg Mason Opportunity, skyrocketed 68% in 2013.

Now the legendary bargain hunter is launching a new fund, Miller Income Opportunity Trust (the symbol and launch date are not yet available). According to a filing with the Securities and Exchange Commission, Income Opportunity will invest in multiple asset classes in search of high income as well as appreciation. Joining as co-manager will be Miller's son, William Miller IV. As with Miller's other funds, fees will be high. Annual expenses for the Class C shares are expected to be 2.0%. Plus, the fund will charge a 1% redemption fee on C shares sold within a year of purchase. Still, if you're a fan of the elder Miller and believe he's gotten his mojo back, you might want give his new fund a shot.

If you're worried about the stock market's wobbly start in 2014 but you want to stay in the game, then you may be interested in funds launched in December by two industry behemoths. Fidelity Event Driven Opportunities (symbol FARNX) invests in companies that have gone through a transition, such as a spinoff or merger. These special situations should correlate less with the overall market than most stocks do, says manager Arvind Navaratnam, who favors companies that are "mispriced" and undervalued. Navaratnam got his start in private equity (investing in non-publicly traded companies), but this is his first crack at running a mutual fund, which means there's no track record to judge. But Fidelity has a long history of launching stock funds that deliver superior results right out of the gate. The no-load fund charges 1.30% for annual expenses. Holdings have not been disclosed yet.

Vanguard Global Minimum Volatility (VMVFX) is an actively managed fund that uses computer models to identify U.S. and foreign stocks with below-average price swings. "With this fund, you don't have to abandon stocks or focus on a single type of firm to reduce volatility," says John Ameriks, head of in-house actively managed funds at Vanguard. Annual expenses are just 0.30% for the investor share class. As of December 31, the fund had 45% of its assets in the U.S. The biggest holdings were Telstra (TLSYY), an Australian telecommunications company; Markel (MKL), a U.S. specialty insurer; and Comverse (CNSI), a U.S. telecom-support firm.

The most senior of the intriguing new funds, Artisan Global Small Cap (ARTWX), opened last June. The fund invests in small, growing firms (defined as having market values of less than $4 billion) based all over the world. One of its three managers is Mark Yockey, who has compiled a superb record running Artisan International, a large-company-oriented fund, since 1995. Expectations are high for the new fund, Artisan's eighth with a global or foreign focus. "Artisan has done this before," says David Snowball, publisher of the Mutual Fund Observer, a Web site that tracks the fund industry. "As each team succeeds with one fund, they apply the same discipline to a slightly different subset of the market. Each one has worked brilliantly." Global Small Cap's annual expenses are 1.5%, about average for its category. At last word, the fund had a whopping 31% of its assets in emerging markets and only 13% in the U.S. The top three holdings are SIIC Environment, a Singapore firm that designs and manages water-related facilities; Victrex, a U.K.-based thermoplastics manufacturer; and Huhtamaki Group, a Finland-based packaging company.


FREE SUBSCRIPTION TO INFLUENTIAL NEWSLETTER

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". HUNDREDS of columnists and cartoonists regularly appear. Sign up for the daily update. It's free. Just click here.


Although exchange-traded funds rarely come with star managers--ETFs typically track an index--a couple of new ones look intriguing. Start with iShares MSCI USA Quality Factor (QUAL), one of the latest of the so-called fundamental index funds, which own stocks based on factors such as a company's sales, earnings or dividends. The ETF stands out because of its unusually low fees. Launched last July, Quality Factor charges just 0.15% a year, well below the average 0.47% charged by fundamental index ETFs. Matt Hougan, who heads up editorial efforts for ETF.com, which keeps tabs on the industry, says the fund has a Warren Buffett-like strategy: It invests in companies with high returns on equity, solid earnings growth and low debt levels. "It could be very attractive to people who otherwise would go to a value-oriented mutual fund," he says. The fund's top holdings are Google (GOOG), Apple (AAPL) and ExxonMobil (XOM).

Since 2007, Charles Schwab has offered five mutual funds that follow a fundamental indexing strategy. But last year, the company, best known for its discount brokerage unit, rolled out ETF versions of the funds, as well as a new addition, Schwab Fundamental U.S. Broad Market (FNDB). This sixth fund (available only as an ETF) invests in companies of all sizes. Like the other fundamental ETFs from Schwab, Broad Market tracks a benchmark created by Russell and fundamental-indexing pioneer Research Affiliates that weights stocks based on sales, cash flow and dividends, plus share buybacks. As such, the ETF tends to own high-quality companies, often priced below their intrinsic value. Biggest holdings are ExxonMobil, Chevron (CVX) and Microsoft (MSFT). Annual fees are just 0.32%, and if you buy shares through a Schwab account, you won't have to pay a brokerage commission.

Sign up for the daily JWR update. It's free. Just click here.

Interested in a private Judaic studies instructor — for free? Let us know by clicking here.

Carolyn Bigda is a Contributing Writer for Kiplinger's Personal Finance magazine.



All contents copyright 2013 The Kiplinger Washington Editors, Inc. Distributed by Tribune Content Agency, LLC

Quantcast