Dodge & cox fund

Dodge & Cox Funds 2013 Year in Review

Dodge & Cox analysts discuss their 2013 equity year in a video here.

Below is a transcript of the video.

Charles Pohl: Welcome. I’m Charles Pohl, Chairman and Chief Investment Officer of Dodge & Cox. I’m joined today by my longtime colleague, Diana Strandberg, our Director of International Equities.

Dodge & cox fund

Diana Strandberg: Hi, Charles.

Charles Pohl: Hi, Diana. 2013 was a year of very strong performance in the equity markets. It was also a year of strong performance by the Dodge & Cox Funds. All five of our funds significantly outperformed their benchmarks, adding to their strong, long performance record. We were honored that Morningstar® chose to nominate four of the five funds for Manager of the Year in the respective categories. Today we’re going to talk about what happened in 2013, our market outlook and where we’re seeing values and opportunities over the next three to five years.

Diana Strandberg: Charles, you mentioned that the funds posted strong returns and the Stock Fund was up 41%, which was extraordinary.

Charles Pohl: Yes, in fact it was its best year since 1965 when the fund was founded. And the S&P 500 was up 32% for the year and ended the year at an all-time high. In fact every sector of the S&P was in positive territory for the year. We continue to see the economy recovering at a moderate pace, the job market improving and consumer wealth is building, partly due to a recovery in the housing markets.

Diana Strandberg: You know, we’re seeing a similar picture in the developed markets. The EAFE was up 23% for the year and every country in the EAFE Index posted positive returns. Europe was especially strong. We’re starting to see signs of economic recovery there. In fact, manufacturing reached a 31-month high in 2013 in Europe.

Charles Pohl: And how about the emerging markets?

Continue reading here.

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0