‘Rising Tide Growth’ Performance vs Peers April Update
Posted on Friday, May 9th, 2008 | In Current Market News, Stocks to WatchI started last month to track the fund performance versus peers, which at this point are the “mid cap growth” mutual funds out there. [Apr 23: 'Rising Tide Growth' vs Mid Cap Growth Mutual Fund Peers] While this won’t be an apples to apples comparison until the July 2008 reporting period (which I’ll report on in early August) since I don’t have a 1 year track record yet, we are starting to get into the general ballpark as each month passes. The link above has some details and background of the comparisons so you can click there to get an in depth commentary.
My general goal would be aside from besting the S&P 500 by 15% a year, is to finish in the top 10% of my peer group each year… currently there are 1870+ funds in my category, so if I finished in the top 200 or so, I’d be in the top 10 percentile. Obviously some years that won’t happen but that’s the long long term goal.
While it is not apples to apples my NAV (Net Asset Value i.e. Price) as of April 30, 2008 was $11.63, so the fund returned 16.30% since inception in very early August 2007. Once again, that is only a 9 month return and I am comparing against funds that have a 12 month return but that gap will narrow each month we do this. As always my results are kept by third party, which I link to in the left margin of the blog.
Here is the table for April 30, 2008 – as it currently set I’d be in the top 10 of the entire category, although funds #1 and #2 are the same fund (one with a load, one without) and funds #3 and #5 are essentially the same fund as well, so I am right around 5th place, out of 1870 funds.
RTG Return: +16.30%
Top 25 peer range: +20.15% (1st) to +8.78% (25th)
Average of all peers: -3.55%
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 About Trader Mark (http://fundmyfund.blogspot.com)
Mark is a self taught private investor, fascinated by the market since an early age, discovering mutual funds as a teenager in the 80s, and then moving to equities by the mid 90s. His equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. |
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