FundX CIO Jason Browne’s take on 5 funds & ETFs

February 4, 2016

moneylifeshow-imageFundX Chief Investment Officer Jason Browne answered investors’ questions about stock and bond funds on the “Hold it or Fold it” segment of the MoneyLife Show with Chuck Jaffe.

Listeners from across the country asked Jason for his take on dividend ETFs, bond funds, and two funds that sound less risky than they actually are.

DoubleLine Core Fixed Income (DBLFX) 

“This is a good fund. We owned it for quite some time and we actually just sold it last month. We do own DoubleLine Total Return, which stayed highly ranked.  Given that, I’d call DBLFX a sell, and go with DLTNX instead.”

PIMCO Fundamental IndexPlus Absolute Return (PIXAX)

“With absolute return in the name, it sounds like it’s going to add some stability, but it’s actually a very volatile fund. If I did buy this, I would use it sparingly and I wouldn’t take as big of a position as I would in more of a core fund. This fund also hasn’t done as well, so I would call it a sell.”

iShares MSCI USA Quality Factor ETF (QUAL)

“This is an ETF that’s in our newsletter and doing well enough to buy. It’s a core fund, a large-cap U.S. fund that emphasizes companies depending on the quality of their earnings and tends to invest in a growth manner.”

iShares High Dividend (HDV)

“This ETF is a buy. It was a solid hold at the start of the year, but it’s come up the ranks as the market’s dropped.”

Market Vectors Wide Moat ETF (MOAT)

“You listen to the word ‘moat’ and you think it’s defensive, but it’s really not. It owns 20 different large-cap stocks. The name’s great, but the reality is that it’s not holding up any better than the market, and it didn’t do as well last year. I’d call it a sell.”

Click here to listen to Jason’s full interview:

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