William Dougherty (April 6, 1932 – July 3, 2010) was an American businessman, lobbyist, and Democratic politician who was the 31st Lieutenant Governor of South Dakota from 1971 to 1975.[1] (wikipedia)
It's for sophisticated investors. ... Unless you're good, it's very dangerous to go too far from the offerings you have. You're taking more risk.
If you can do it yourself, why bother with loads?
There's certainly a demand for it (an interactive fund), if you consider the number of e-traders today. It's addressing the active Internet investor.
John Brennan is a very smart guy - no nonsense, abrasive, sharp, provocative.
Value is in the dumps. It's not the managers. The problem last year was asset class performance. If you were a value manager, you didn't do well.
When you buy a load you tend to have the discipline to hold it longer.
The market has broadened out to mid- and small-caps. People who aren't diversified are really feeling the pinch.
If you have a balanced position, a growth fund and a value fund, you stay with them. Investors really don't understand growth versus value.
These are not marquee-name stars. These are hidden stars.
Last year, growth was so ahead of value that people were wondering why they even had value (holdings).
