MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 4, 2012 A Three-Time Victory for Matthew 25 You can call it the 97-98 Chicago Bulls of mutual funds, because the Matthew 25 fund just posted a three-peat. For a third straight quarter, the Mark Mulholland PMed fund was rated as having the best 12-month performance by the Wall Street Journal. According to WSJ, Matthew 25 returned 51.4 percent for the past 12 months and 32.8 percent since the start of 2012. The article's writer, Suzanne McGee, talked to Mulholland about how he makes his choices, including a decision to buy Caterpillar when some others were selling. If the home-building boom is legitimate, then Caterpillar will benefit from it. And I would rather [have] this in the fund than add one of the home-building stocks… I just kept putting the orders in there; there's not much that I love more than downward volatility at a time when we have money to spend.The lengthy article talks more about Mulholland's investment strategy; it may not have breaking news, but it is an interesting look at a PM's decision process. Printed from: MFWire.com/story.asp?s=41506 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |