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Rating:NYT Profiles Three Top Performing Mutual Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 08, 2013

NYT Profiles Three Top Performing Mutual Funds

News summary by MFWire's editors

The New York Times profiled three top-performing mutual funds this morning: The Hodges Fund, the Marsico Global Fund, and the Buffalo Small Cap Fund. The Times story frames these funds as going against the grain and feeding innovation.

The Hodges Fund, which invests in growth and value stocks of companies of any size, returned 9.43 percent this quarter. The three biggest holdings are from the Lone Star state but the company is missing out on international stocks. The head of the family business still likes to conduct business the old-fashioned way:
The elder Mr. Hodges is an old-school stock picker who prefers chats with a company’s customers and competitors to computer algorithms when hunting for stocks.
Marsico[profile] Global Fund buys companies of any size that belong to any country, staying close to Europe and the U.S. of late. He has invested in Tesla Motors, which makes expensive but file efficient cars and has moved away from investing in energy companies. The fund returned 5.9 percent in the second quarter:
With North America producing more oil than we’ve had in several decades,” Fund manager Tom Marsico said, “we believe oil prices are coming down.
Buffalo Small Cap Fund, which returned 8.6 percent in the second quarter, is investing in social media, technology in manufacturing and most interestingly, iRobot, a company that makes the robots that have cleared bombs in Iraq.

To read more, click here.  

Edited by: Casey Quinlan


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