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February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
Six intriguing funds Morningstar.com is covering now
By
Russel Kinnel
http://www.JewishWorldReview.com |
(KRT)
At Morningstar, we cover 2,000 mutual funds with Fund Analyst
Reports, and we're always looking for interesting offerings to add
to coverage. Some of the recent additions to our coverage list are
fairly new funds, while others have been around for a while but have
done something lately to catch our attention.
Here's a sampling of the most interesting funds that we've placed
under analyst coverage recently.
- TrendStar Small Cap (TRESX):
Despite the "me-too" sounding name, this fund has a fair amount
going for it. It's run by Tom Laming and James McBride, who had a
rather ugly divorce from Kornitzer Capital two years ago. Kornitzer
runs the successful Buffalo Small Cap (BUFSX), and Laming and
McBride are running this fund in a similar fashion. They combine a
top-down approach with a bottom-up, growth-at-a-reasonable-price
strategy. So far the fund has outperformed its category by a nice
margin. Morningstar analyst Gareth Lyons notes that he's also
encouraged that this fund plans to close to new investors at the
small size of just $400 million. The fund has $189 million in assets
at the moment.
- Schneider Value (SCMLX):
As analyst Karen Papalois notes, this fund is a real hidden gem. It
has pretty much everything you want in a mutual fund. A good,
experienced manager, a small asset base and reasonable expenses.
Manager Arnie Schneider III left Wellington about 10 years ago to
set up his own firm. Using a deep-value strategy he has put up
strong results in separate accounts, and he's done the same in the
two years and 11 months that this fund has been open for business.
With an expense ratio of just 0.85 percent, this is the bargain of
the six new additions to our coverage list, though you need $20,000
to get into this club.
- Royce Value (RYVFX):
Yes, it's yet another variation on Royce's small-value strategy.
Royce reminds me of the way in which Taco Bell is always coming up
with a new name for the same combination of beef, salsa and cheese
in a tortilla. So, let's call this Royce's gordita. It distinguishes
itself by having a slightly higher upper band of market caps. It
goes after stocks between $600 million and $5 billion.
However, so far the fund has had most of its assets in small caps,
just like 15 other Royce funds. But it could go into mid-caps at any
moment! Also, this fund tends to hold about 60 stocks, making it
more concentrated than a gaggle of Royce funds. Analyst Todd Trubey
writes that managers Whitney George and Jay Kaplan hew to the
typical Royce strategy of "finding firms that have strong balance
sheets, solid growth prospects, and good valuations."
What stands out here is performance. The fund's concentration of
holdings and small asset base has supercharged returns in both
directions. The fund got clocked in 2002 but rebounded to produce
stellar returns since. It's not uncommon for the smaller funds in
the Royce stable to enjoy strong returns, but the downside is those
returns usually mean a fund won't stay small for long.
- Schwab YieldPlus (SWYPX):
Low money market yields have sent investors searching for bond funds
that can stand in for money markets, and many have alighted upon
this fund. With a duration of just under half a year, this fund is
only taking on a touch of interest-rate risk in exchange for higher
yields than you'd see in a Treasury bill. Although that sounds
mundane, the fund's assets have soared to about $6 billion.
Unfortunately, that hasn't led to a lower expense ratio, as the fund
still charges a pricey 0.60 percent. You can find cheaper
ultrashort-term bond funds out there.
- Nuveen NWQ International Value (NAIGX):
With a name like that, it's got to be good. Hiding behind that bland
moniker and equally pedestrian long-term performance record is an
intriguing fund. Nuveen changed horses in October 2002 when it
switched the fund over to NWQ Investment Management. Lead manager
Paul Hechmer has installed a bold value strategy, and early results
have been encouraging.
Senior analyst Bill Rocco writes that "Hechmer and his team look for
companies that are undervalued on a variety of metrics, enjoy strong
franchises, and have catalysts for improvement such as new
management or restructuring plans." NWQ runs a focused portfolio of
just 40 stocks. The fund's three-year returns rank in its category's
top 10 percent, though it's still pretty early. Now the bad news:
The fund charges a steep 1.75 percent. I'd wait until that came down
before buying.
- Constellation Sands Capital Select Growth (PTSGX):
This fund is exactly what the world of growth investing needs: a
concentrated, low-turnover strategy run by an experienced hand.
Fast-trading momentum funds led a lot of investors to their doom in
the bear market, so it's nice to see a fund that stays focused on
fundamentals. I like the fact that managers Frank Sands Sr., Frank
Sands Jr. and David Levanson invest with conviction, as evidenced by
the fact that they have more than 8 percent in top holding Genentech
(DNA). Although very few individual investors have discovered this
fund, institutional investors have more than $12 billion with Sands
Capital.
Russel Kinnel does not own shares in any of the securities
mentioned above. He is a writer for Morningstar.com
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
© 2005, Morningstar.com, Distributed by Knight Ridder/Tribune Information Services
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