On March 10, 2021, International Value Advisers, or IVA, quietly submitted a shocking document to the SEC. There was no accompanying press release or letter to shareholders just a terse announcement that the firm planned to liquidate its two mutual funds in short order. To prepare, both strategies would immediately start selling all the holdings in their portfolios, so that they’d only own cash and cash-like instruments until the liquidation date which was only a month away. No reason was given.
That wasn’t all. The document stated that after the funds were liquidated, IVA itself would close down.
A day or two later, most of the firm’s personnel, including all but one of its seven analysts, had disappeared from the IVA website. No further information was provided.
Provided by Dow Jones By Philip van Doorn Fund managers at First Eagle share their value investing philosophy and name one stock as an ideal example. The dilemma of the day for many investors is choosing between growth- and value-stock strategies. Why not pursue both as part of a diversified portfolio? You might think you are well-diversified with an index fund, but it probably isn t true. We spoke with Kimball Brooker, the deputy head of the global value team at First Eagle Investment Management in New York, and Alan Barr, a senior analyst and associate portfolio manager at First Eagle. In an interview, they shared their thoughts about value investing as well as the pros and cons of stock screening. They provided an example, below, of a value stock of a large company with a path for growth.
While youâre buying value stocks for your portfolio, add some diversity too Last Updated: Dec. 19, 2020 at 8:28 a.m. ET First Published: Dec. 16, 2020 at 7:18 a.m. ET By Fund managers at First Eagle share their value investing philosophy and name one stock as an ideal example.
Ambev SA has a dominant market position in Brazil s beer market, almost no debt and is majority owned by Anheuser-Busch InBev SA. (AFP via Getty Images) Email icon
Why not pursue both as part of a diversified portfolio?
You might think you are well-diversified with an index fund, but it probably isnât true.