FundX CIO Jason Browne’s Take on 5 Funds & ETFs

November 7, 2017

Is this a good time to own emerging market funds?

What about balanced funds?

FundX Chief Investment Officer Jason Browne answered these questions and more on the MoneyLife Show with Chuck Jaffe on October 26, 2017.

Jason started by sharing some insights into FundX’s investment approach.

“First, we identify how much risk you’re comfortable taking,” Jason noted. “Then we look for the funds in that risk level that have strong recent returns.”

What funds have done well lately? Jason pointed to diversified stock funds and ETFs like Oakmark International, iShares MSCI US Momentum, T. Rowe Price Growth, and Fidelity Contra fund.

MoneyLife listeners called in to get Jason’s take on five additional funds and ETFs, including balanced funds, emerging market funds, and total market ETFs. Find his responses below.

Get Jason’s take on balanced funds, emerging market ETFs, and diversified stock funds.

#1 – Vanguard Total Stock Market ETF (VTI)

“This is a great choice for someone whose been out of the market and wants to get in. In our system, it’s a sell because there’s so many other funds doing better currently, such as the SPDR Dow Jones Industrial Average ETF (DIA).”

#2 – T Rowe Price Capital Appreciation (PRWCX)

“This fund owns both stocks and bonds, so it has a little below market risk,” Jason said.  “It’s a great fund, but unfortunately, it’s closed to new investors. If you already own it, I’d hold it.”

#3 – Vanguard Wellesley Income (VWINX)

“This is a fund we own in our Flexible Income portfolio as an alternative to fixed income, and it’s a buy in that regard. It’s a great choice for someone who doesn’t want their money solely in bonds, especially if they’re concerned about rising rates, and doesn’t want to go all in on stocks either. And the fund’s doing well.”

#4 – iShares Edge MSCI USA Quality Factor ETF (QUAL)

“You might think that this fund would be a buy since it’s invested in companies with good earnings, but it’s currently a hold in our system. If you own it, I wouldn’t sell it. But there’s a lot of other choices that are doing better currently so I wouldn’t add new money to it.”

# 5 – Vanguard FTSE Emerging Markets ETF (VWO)

“If you’re looking for an ETF in this space, iShares MSCI Emerging Markets (EEM) is doing a little better than VWO.”

Click below to listen to Jason’s full interview

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