FundX’s Janet Brown Talks Changing Markets on the MoneyLife Show

June 24, 2014

FundX President Janet Brown was on Chuck Jaffe’s MoneyLife show last week discussing changing markets.

Click below to listen to her 16 minute interview.

NoLoad FundX’s Upgrading strategy tracks changing markets by tracking fund performance over time, and leading investors to change their portfolios to stay with leading funds.“We’ve recognized that markets change, so we change,” Janet explained.

“Sometimes market changes are subtle or not obvious,” Janet said, but one clear change this year is that “quite a number of international funds have come back up our ranks, and what that means for our subscribers and clients is that their portfolios would now include both domestic and international funds.”

At the end of the interview Janet answered questions from MoneyLife listeners about funds and ETFs like Dodge & Cox Global Stock (DODWX), Parnassus Core Equity (PRBLX), iShares Barclays 20+ Year Treasury bond ETF (TLT), PowerShares QQQ (QQQ), and FPA New Income (FPNIX). Below, see whether these funds are Buys, Holds or Sells.

Dodge & Cox Global Stock (DODWX)– Buy
“It’s been in our equity portfolios for months and it’s still highly ranked”

Parnassus Core Equity (PRBLX) – Buy
“A lot of my personal interests are in sustainable and responsible investing and the Parnassus family looks for companies that are improving the world in some way… It’s highly ranked in our system.”

iShares Barclays 20+-Year Treasury bond ETF (TLT) – Sell
“It’s very interest-rate sensitive….Rates have come down and the fund has had a good boost but that’s not going to last forever. Last year, it lost 13%… I’d sell it.”

PowerShares QQQ (QQQ) – Buy
“Technology came surging back in May, and QQQ is a buy in our aggressive category… I would just caution investors not to put too much in an aggressive fund like QQQ.”

Vanguard High Yield Corporate (VWEAX) – Buy
“In general we do like high yield funds. They’ve been bringing in good returns. Default rates are low and you get good yields.”

FPA New Income (FPNIX) – Sell
“A real lackluster fund, up less than 1%. It’s a very conservative short-term bond fund, and if you need something like that, there are better ones that aren’t transaction fee funds.”

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