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IPOIX - Ivy Pacific Opportunities I

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Ivy Pacific Opportunities I (IPOIX)
Expense Ratio: 1.25%
Expected Lifetime Fees: $36,271.73


The Ivy Pacific Opportunities I fund (IPOIX) is a Pacific/Asia ex-Japan Stk fund started on 04/2/2007 and has $614.60 million in assets under management. The current manager has been running Ivy Pacific Opportunities I since 03/21/2004. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares MSCI Pacific ex-Japan (EPP)
Expense Ratio: 0.50%
Expected Lifetime Fees: $15,685.71


The iShares MSCI Pacific ex-Japan (EPP) is an Exchange Traded Fund. It is a "basket" of securities that index the Pacific/Asia ex-Japan Stk investment strategy and is an alternative to a Pacific/Asia ex-Japan Stk mutual fund. Fees are very low compared to a comparable mutual fund like Ivy Pacific Opportunities I because computers automatically manage the stocks.




The Following Pacific/Asia ex-Japan Stk Funds Have Lower Fees Than Ivy Pacific Opportunities I (IPOIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Aberdeen Asia Pac ex-Japan Eq Instl AAPIX 25.3% 403 1.23%
Aberdeen Asia Pac ex-Japan Eq Instl Svc AAPEX 25.3% 403 1.23%
Columbia Asia Pacific ex-Japan Fund Class R5 TAPRX 63.0% 382 0.99%
DFA Asia Pacific Small Company I DFRSX 17.0% 177 0.60%
Fidelity Advisor Emerging Asia I FERIX 119.0% 334 1.10%
Fidelity Emerging Asia FSEAX 115.0% 1,300 0.82%
Matthews Asian Growth & Inc Investor MACSX 16.5% 3,100 1.12%
Matthews Asian Growth and Income Fund Institutional Class MICSX 16.5% 3,100 0.99%
Matthews Korea Fund Institutional Class MIKOX 30.1% 157 1.07%
Matthews Korea Investor MAKOX 30.1% 157 1.18%
Matthews Pacific Tiger Fund Institutional Class MIPTX 10.5% 5,400 0.95%
Matthews Pacific Tiger Investor MAPTX 10.5% 5,400 1.11%
T. Rowe Price New Asia PRASX 68.1% 4,000 0.96%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.