Forum Archive Index - September 1999

[Chris Marshall <Chris.Marshall@directories.co.nz>]

Mark & Colin

Agreed, most funds perform badly in bad markets (because they buy into
"trendy" stocks) - I found that with NZFM, Jardine Fleming & Rothchilds.
But I found BT and MLC Platinum Global were fine because 1) they buy very
selectively on intrinsic value of each company and 2) these funds are
massive so they can fund very good research.
My recommendations:
1) avoid any fund smaller than $100million in size
2) avoid NZ-based funds

Chris

> -----Original Message-----
> From: Colin S Pannell [SMTP:colin_s_pannell@email.mobil.com]
> Sent: Thursday, 30 September 1999 11:55
> To:   sharechat@sharechat.co.nz
> Subject:      Re: [sharechat] Last word on managed funds!
> 
> 
> 
> Mark,
> 
> I think an experience shared is one extra piece of knowledge to help
> participants in sharechat make informed decisions.
> 
> Fund Managers are great when the funds are performing well.  When they go
> bad
> and wrong, contact points at funds are less willing to return calls and
> admit
> they "stuffed up".  They go quiet and waffle on about long-term
> investments.
> Sure the funds might pick up in 5 - 7 years time, but most of us have
> bills to
> pay in the next few months.  Now, even when I do "stuff up" on the
> markets, it
> makes me feel totally accountable and "in control".
> 
> cheers, Colin
> 
> 
> 
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