Hold it or Fold it? FundX CIO Jason Browne’s take on 5 Funds & ETFs

March 31, 2015


FundX CIO Jason Browne was on the MoneyLife online radio show with Chuck Jaffe last week. He shared some of the funds that have been highly ranked in NoLoad FundX and answered investors’ questions about foreign funds, index funds and gold investments in the ‘Hold it or Fold it’ segment of the show.

Here’s his take on 5 funds and ETFs:

Matthews India (MINDX)

“It’s an aggressive fund, and it can go up or down more than 10% in a month at times,” Jason explained. “But it’s been doing very well over all and we own it. It’s available as a no-transaction fee fund at most brokers. The key thing is that if you do buy it, don’t make it the core of your portfolio.”

Janus Global Life Sciences (JAGLX)

“We’ve held JAGLX for about two years now, and it’s still highly ranked… Because it’s a concentrated portfolio, we don’t recommend taking a huge position in the fund. We own it today and we would continue to buy more of it.”

PowerShares QQQ (QQQ)

“We own it. It’s a great way to gain exposure to large-cap U.S. growth with the more aggressive part of your portfolio.”

iShares MSCI EAFE Value (EFV)

“It’s a good fund, but not a good fund for right now. If I owned EFV, I would sell it simply because there are so many opportunities right now that are doing better. If I were going to buy a foreign fund, I’d buy PIMCO International StocksPlus (PIPDX).”

DB Gold Double-Short ETN (DZZ)

“I would avoid it completely. It’s an exchange-traded note, or ETN, so it’s got some credit risk. But the bigger picture is that it’s such a volatile instrument. It’s not only short, but double-short.”

Click below to listen to Jason’s full appearance on the MoneyLife show with Chuck Jaffe.

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