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Int'l Value/Fees
wbern
07-05-2002, 11:18 AM | Post #1309839
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Hi All:
1) The correlation of the Int'l Value Fund is 0.93 with DFA's, versus 0.83 with the EAFE. Its behavior over the past 3 years is more relvevant--it didn't participate in the late '90s bubble, and it did relatively well the past few years during the collpse, just like the DFA fund. It relies on dividend yield and P/E in addition to P/B, so its P/B would not be expected to be as low as the DFA offering.
2) Color my face red--on pp 273-4 I did completely ignore the $10 index fund fee, which is a separate issue from the IRA fee. It will be corrected in the next printing. Thanks for pointing that one out.
3) Great to see y'all at DHIII!
Bill
Originally posted in thread: 21052
Topics
Bill Bernstein
correlation
dfa
dividend yield
international diversification
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