One of the most notable selling points of Sprucegrove Investment Management is its favorable fees for open-end and exchange-traded funds, signifying a dedication to investor interests. The firm's fees across their funds, on average, land in the second-cheapest quintile of peer strategies. The longest-tenured strategy managers at Sprucegrove Investment Management are worth mentioning. With 22 years of average asset-weighted tenure, this group has a wealth of experience to draw upon should markets head south. Manager turnover at Sprucegrove Investment Management has been higher than at peer asset management firms. Turnover in the portfolio-management ranks can happen for a number of reasons, including mergers, liquidations, and portfolio managers changing roles or leaving the firm. In some cases, a change may not signal a serious or immediate problem at the firm, but can still be disruptive for investors, hinder the effectiveness of a firm’s investment processes, or suggest a weaker investment culture.
4 Stock Funds Where Talent Tops Mediocre Processes
These above-average teams make up for weakness in other areas.