In a recent Wall Street Journal article, columnist Jason Zweig rebuts an argument that index fund expenses are drastically understated. The argument comes from veteran value investor David Winters, portfolio manager of Wintergreen Fund, who in his latest letter to shareholders says that the typical S&P 500 index fund incurred expenses of over 4.3% in 2016. Winters argues that index fund managers get away with “overpaying their bosses” more easily, as measured by shareholder votes… Read More
Index funds have been all the rage in recent years, with their low fees and easy format appealing to many investors. But mutual fund manager David Winters says they have gotten too popular — and are creating a bubble similar to the “Nifty 50”.
Index funds have been all the rage in recent years, with their low fees and easy format appealing to many investors. But mutual fund manager David Winters says they have gotten too popular — and are creating a bubble similar to the “Nifty 50”.
Passive investing in index funds has gained a lot of steam in recent years. But top-performing fund manager David Winters says index-fund investing can actually be dangerous.
While many major market indices are at or near all-time highs, top fund manager David Winters says you can still find value if you look in the right places.
Top fund manager David Winters says he’s seeing a lot of strong value stocks selling at great prices in the current market.
While many investors are shying away from global stocks, top value manager David Winters is quite high on them. Winters tells WealthTrack’s Consuelo Mack that the pessimism on emerging markets has made for excellent value in companies that do business in those areas. Winters also talks about why short term momentum-focused investing doesn’t work over the long term, and why thinking long-term can lead to tremendous results. He looks for a “trifecta” of qualities in… Read More
Top fund manager David Winters says he’s high on Asia heading into 2014. “We think the big undervaluations, going back to Graham and Dodd … are overseas,” he tells CNBC. “Ultimately we think Asia is … the place to be focused.” He says that consumers in Asian markets want U.S. goods, and he’s trying to play on that theme in lower-risk ways. One stock he’s particularly high on: Casino company Wynn Macau.
Top fund manager David Winters says he’s high on Canadian stocks, particularly those of oil and gas companies. Winters tells Advisor.ca that while many energy companies operate in areas where political instability and nationalization are threats, Canadian energy firms have the benefit of operating where there is “rule of law and reasonable royalty rates,” and adds that they are often well run firms. “[For] investors, Canada is one of the best places to [be in]… Read More
Top fund manager David Winters says the bond party is over, and investors should key on stocks going forward. Winters tells Bloomberg that low-coupon debt is “going to get crushed”. He says that if investors do own bonds they should be short duration. Equities, meanwhile, essentially have the ability to raise their coupon, Winters says, because their businesses and earnings can grow. He says investors continue to stay in bonds even though fundamentals are against… Read More