Kip 25

We Replace One Merger Fund With Another

It's time for a fund switch.

It's time for a fund switch. Arbitrage Fund, which returned 3.1% over the past year through November 5, has closed to new investors through most channels. We're replacing it with Merger Fund (symbol MERFX), co-managed by Roy Behren and Mike Shannon. Like Arbitrage, Merger invests in takeover targets after a bid is announced. The strategy tends to generate positive returns in any market with 75% less volatility than that of the overall stock market. The pace of merger activity has picked up recently, both at home and abroad. At last report, Merger's largest holding was Potash Corp. of Saskatchewan, the subject of a $40-billion takeover bid from BHP Billiton, the world's largest miner.

Reach your goals. See portfolios using these funds.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Should You Take an Extra Big RMD This Year?
required minimum distributions (RMDs)

Should You Take an Extra Big RMD This Year?

Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big…
November 23, 2021
The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked
stocks

The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked

The Berkshire Hathaway portfolio is a diverse set of blue chips, and increasingly, lesser-known growth bets. Here's a look at every stock picked by Wa…
November 16, 2021

Recommended

Investing for Income with Jeffrey Kosnett
investing

Investing for Income with Jeffrey Kosnett

Cold, hard cash working from home! No, this isn’t a scam — it’s an investing strategy built on bonds, REITs, preferred stocks and more.
November 30, 2021
Where to Find Yield in 2022
Kiplinger's Investing Outlook

Where to Find Yield in 2022

I am sold on leveraged closed-end debt funds, junk bonds and floating-rate bank loan funds.
November 29, 2021
When Actively Managed Funds Are Worth It
Becoming an Investor

When Actively Managed Funds Are Worth It

For some investment categories, choosing an actively managed fund makes sense.
November 24, 2021
Wasatch Emerging Markets Small Cap Goes Its Own Way
Foreign Stocks & Emerging Markets

Wasatch Emerging Markets Small Cap Goes Its Own Way

This emerging-markets stock fund isn't afraid to stray from the pack.
November 24, 2021