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Rating:Bloomberg Sings Praises of Matthew 25 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 28, 2013

Bloomberg Sings Praises of Matthew 25

News summary by MFWire's editors

Apparently, a little bit of faith can go a long way in the mutual fund industry.

Case in point: the Matthew 25 Fund [profile] has received glowing praise from Bloomberg.

The $452 million fund has seen gains that beat the Standard & Poor’s 500 Index by a wide margin, the newswire reports. The fund returned 13.1 percent annualized during the five years ended on Feb. 15 compared with 4.7 percent for the S&P 500 (SPX). Matthew 25 gained 26.8 percent over three years and 25.4 percent in one year.

Those results make the fund No. 1 in the U.S. diversified stock category in Bloomberg Markets magazine’s annual ranking of mutual funds.

What are the fund's secrets? Well, Bloomberg reports that the first secret is that found and PM Mark Mulholland bought number of stellar funds very cheaply.

For example, Mulholland, bought smartphone makerApple Inc. (AAPL) in 2008 for $80 to $128 a share, according to Bloomberg. Other notable investments include the Sidney, Nebraska-based Cabela’s Inc., which retails hunting and fishing products, and the Medina, Minnesota-based Polaris Industries Inc., an all-terrain vehicle manufacturer. 

Edited by: Tommy Fernandez


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