I’m Keith DeGreen and this is your Investors Minute.
Frankly, if you own actively-managed mutual funds, it’s nearly impossible to avoid owning too much of a single stock, in a timely manner.
Mutual funds are only required to report their holdings every 90 days, and may do so 90 days in arrears. Therefore, you’re constantly looking in the rear view mirror.
But what about ETFs — exchange-traded funds? ETFs publish their current holdings, which must either exactly match the holdings of the index they track, or must contain a representative cross section of the index.
You can go online to your ETF provider’s website for an updated list of at least their top ten holdings. Meanwhile, your advisor may have access to more detailed lists. For example, Bloomberg terminal services gives us real-time holdings info throughout the trading day.
FEE-ONLY DeGreen Capital Management. Pioneers in low-cost exchange-traded fund investing. Newport Beach: 949-333-3450. Scottsdale: 480-609-9900. www.DeGreen.com. Minimum portfolio requirement $500,000.
©DeGreen Capital Management LLC. All rights reserved.