After a nasty 25-year bear market, Japan is still far cheaper than both U.S. and European equities, despite its huge rally, says IVA CIO and portfolio manager Charles de Vaulx.
Several Medalist funds are holding large cash stakes, giving U.S. stocks a wide berth.
The love fest with Vanguard Wellington and Wellesley Income continues, but Berkshire Hathaway and J&J have their backers, too.
Plus, BlackRock and Fidelity target-date fund news, and more.
But enthusiasm high for other emerging markets, too.
Fund managers are more bullish than fund investors these days.
Domestic-stock funds had big outflows, but all other asset classes experienced growth in February.
Pickings are slim, so consider building your own.
Three years after departing First Eagle, Charles de Vaulx and company are thriving on their own.
There may be a new regime, but it's awfully familiar.