Their competence and duty to advise seemingly encompasses anything a fund may encounter- asset allocation, manager and fund performance, personnel turnover at managers, real estate, private equity, international and emerging markets, hedge funds, fund of funds, brokerage-everything but consultant-related issues.
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
Poor mutual fund choice, inappropriate asset allocation, the wrong risk level, inefficient tax management, and an unwillingness to let time do its magic will result in a less than desirable outcome.
How does the fund fit into your overall asset allocation?
FORBES: When To Sell Your Mutual Fund And Fire Your Money Manager
The treasurer did not mention is that his new asset allocation subjected the fund to far more risk, and the money managers Moore picked to do so on average have underperformed peers in the same markets--as has the overall fund.
These portfolios were compared over five years to an all index fund portfolio using the same allocation to the three asset classes.
The big key to this fund is, it is a rules-based asset allocation methodology, designed and has an objective of producing positive returns, regardless of the condition of the financial market.
Individual investors increased their stock and stock fund holdings last month, according to the April AAII Asset Allocation Survey.
The other risk is that the fund invests in a selection of stocks that deviates from its asset allocation.
The perception that gold should now account for at least a few percentage point share in an asset allocation program convinced even the most successful hedge fund managers to invest in this yellow metal.
This typically begins with an asset allocation decision and then moves on to individual index fund selection.
Stock and stock fund allocations rebounded to a three-month high in the July AAII Asset Allocation Survey.
Stock and stock fund allocations fell to a seven-month low according to the May AAII Asset Allocation Survey.
There are reasons to tilt your asset allocation, but the stock-picking expertise of a mutual fund manager is rarely one of them.
Vortmann requesting a comprehensive audit of the fund, Shipione listed a slew of concerns, ranging from conflict of interest and disclosure policies to risk management, asset allocation and investment strategies.
Another point that those of a more perma-bull persuasion make regarding the huge bond fund inflows over the past few years (and flows out of equities), is that investors have shifted their asset allocation from stocks to bonds at precisely the wrong time.
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