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OAKEX

Rossby 12-19-2007, 6:16 PM | Post #2466850 | 4 Replies

Any comments on why this fund has been lagging this year?

Rossby

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Re: OAKEX

closer 12-19-2007, 6:37 PM | Post #2466859

Small-cap value international stocks are one of the most vulnerable asset classes in an economic slowdown when credit is tight and banks are increasingly unwilling or unable to lend money, especially in Europe where the fund's manager allocated 62.4% of his portfolio. Japan (10.8%) has its own economic woes and Japanese small-cap stocks have been struggling for some time. Also, the manager seems to have missed the boat on Asia-ex Japan stocks (14%).

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Re: OAKEX

tenderheart 12-23-2007, 6:21 AM | Post #2468111

I understand the fund is reopening and I am planning to buy in. I believe down is a good time to buy.

Hal

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Re: OAKEX

Chang 12-23-2007, 6:44 AM | Post #2468117

Rossby:
Any comments on why this fund has been lagging this year?

No energy or materials stocks. Little/no emerging markets exposure. This doesn't help, either:

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Re: OAKEX

MaxxC 12-28-2007, 8:40 PM | Post #2470206

Hasen't being awarded one of Morningstars "Fund Manager of the Year" been the kiss of death? If I remember right the following year for most of these managers has been a disaster.

If there's any manager at Oakmark that deserves recognition its Clyde Mcgregor (OAKBX & OAKGX). Not those self promoting hacks David Herro and William Nygren.

Bw MaxxC

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