No. of Recommendations: 8
Jim, do you still like BEARX as a vehicle? It looks like the same managers have been in place for quite a while. Returns seem to approximate the inverse of the S&P 500. If it is a one-stop shop that captures most of a market decline why do anything more complicated?
Not really.
Different manager from back then, different owner, higher fees, and (a killer for me) it is now forbidden for a non-US person to own a US mutual fund. As a result I haven't even looked all that closely in a few years.
Back in the day, they were quite good at getting returns that were just a bit better (through up and down) than the inverse of the S&P. Last I checked (a long time ago), they hadn't managed that result in quite a while.
Jim
