Hi folks, just wanting to know if anyone has invested in this fund from Cromwell ? Cromwell Phoenix Opportunities Fund | Cromwell I am looking at parking some of my $$$'s here for next 3 - 5 years and all the research I have done so far looks good. Interested in others input ...
3-5 years seems to be a short time line to be investing in a small/micro-cap type fund. Fees are 0.15% + 20% of return above the watermark (not an index). What are your goals and why do you want the money in 3-5 years? What % of your asset allocation in equities will this investment represent? Do you want a large % of your allocation in small caps? They haven't exactly been around for a long time. I don't invest in or plan to invest in the fund, doesn't meet my goals. The above represents some key points I would think about when considering the fund after looking at it for five minutes. My perspective isn't educated or experienced so keen to hear others thoughts.
IMHO I have no idea why Cromwell want to even try this. They should stay with what they are good at: commercial property. The Y-man