Announcing a mutual fund from Jim Jubak
It’s named the Jubak Global Equity Fund (JUBAX). It’s available now. Today. This minute.
Follow this link to find out more about how to invest. Or read more here.
So why am I starting a mutual fund?
Three reasons, really.
First, a lot of readers have asked over the more than 13 years that I’ve run the Jubak’s Picks portfolio. They’ve asked for a fund because it would make it easier to track my picks and because they felt that they’d like me to invest for them. Let Jim do it, they said. And now I will. You can invest today by following this link to the Jubak Global Equity Fund site.
And because I want as many of the readers who asked for a fund to be able to invest in my fund, the minimum is just $500 and there’s no commission charge. (Learn how to invest in my fund by following this link.)
Second, a mutual fund will let me put your money to work in global stocks trading on global markets that are tough for individual investors to research or buy. As I’ve become more and more convinced that investors need to put a bigger share of their money into the world’s up-and-coming developing markets (and the economies such as Australia and Canada that ride with them), I’ve become increasingly frustrated with the stocks that I couldn’t recommend on Jubak’s Picks because they were too thinly traded, too illiquid, or just too hard for U.S. investors to buy.* I’ve set up Jubak Global Equity so that I can buy and sell on those markets for you.
And, third, I’m selfish. I wanted to find a big group of investors who would pay me what I consider a modest fee to do what I like best: Learn new and obscure things about companies and industries in out-of-the-way places and then turn them into investing ideas. I admit that learning the ins and outs of the rare earth mining industry, for example, is really exciting. Did you know that neodymium and dysprosium, two rare earth metals, are critical components in building hybrid cars and wind turbines? Or that China controls 95% of the world’s supply of rare earth metals? Well, neither did I—once upon a time. And now I know not only those facts but the stock tickers for two Australian companies that mine rare earth metals.
A desire to know everything, and the more obscure the better, is a terrible character flaw. And indulging it costs money.
Which is where you and the mutual fund come in. (Find how to invest in the Jubak Global Equity Fund by following this link.)
In a perfect world I’d be able to spend hours digging into the guts of the exploding Asian dairy sector—did you know that in 1998 India became the world’s biggest producer of milk, surpassing the United States – without worrying about where my next rupee was coming from. But in this imperfect world I have to find a patron. And with the world currently experiencing a serious shortage of Cosimo de Medici and other Renaissance princes, I’m afraid it means you’re on the hook.
So what do you get in exchange? You get the gladly and freely given hard work of someone who thinks it’s fascinating to discover that 65% of the milk consumed in India is now unpackaged, and that while milk consumption is growing at an annual rate of 2.4% a year, consumption of packaged UHT milk—the kind that doesn’t need refrigeration before it’s opened—is projected to grow at an annual rate of 5.2% a year through 2012 and beyond. And then thinks that finding the stock of a company that will profit from this trend is a really engaging challenge.
So, that’s the deal: fund investors pay me a fee, and I try to find out cool stuff to turn into investment ideas. With, of course, one goal: to make money. (I fully appreciate that Renaissance princes didn’t sponsor people like Vasco da Gama to find a sea route to India just out of intellectual curiosity, so you get the same bargain.)
And I also give every investor in my Jubak Global Equity Fund a free subscription to my new online Jubak Asset Management JAM Letter. Every weekday and once every weekend, my JAM Letter will deliver the best of my thinking on markets, industry and sector trends, obscure companies you should know about, and videos shot at my famously uncluttered desk that explain the day’s breaking news. All this normally costs $299 a year—but to investors in my new fund it’s free.
I don’t think there’s much you or I can add to the market’s knowledge of IBM or Wal-Mart. Some twenty-three Wall Street analysts study IBM’s every move. Even more – twenty-nine –follow Wal-Mart.
But a Chinese fruit-juice company? The biggest little Australian coal mining company in Mozambique? The owner of the biggest selling vodka brands in Eastern Europe?
Ah, those you have to dig for. And if you find them before the world does, the stocks of those companies can be very profitable when the world finally does discover them.
So come along. It may not be the beginning of a beautiful friendship, but I do hope it will be the start of a very profitable relationship. (Find out how to invest in my fund by following this link.)
You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. For a Prospectus, that contains this and other information about the Fund, call 1-888-88JUBAK or visit our website at www.jubakfund.com. Please read the Prospectus carefully before investing. Investments are not FDIC- insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
*Please note that the Fund’s investment in these types of securities is limited and that you can find more information about these limitations in the Fund’s Prospectus and Statement of Additional Information.
An investor’s shares, when redeemed, may be worth more or less than their original cost. Foreign investments present additional risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors. The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. This Fund is also more susceptible to market volatility because small‐ and mid‐cap company stocks tend to be sold less often and in smaller amounts than larger company stocks. Smaller companies also may not have the management experience, financial resources, product diversification and competitive strengths of larger companies.
The Jubak Global Equity Fund is distributed by Grand Distribution Services, LLC.
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Jim,
This is simply GREAT!!!
Thanks Jim – been looking forward to this day for a long long time!
BRAVO!
Superior, Jim- as a dedicated fund investor, I am IN!
Jim,
Congrats! I can only imagine the nervous excitement you must be feeling about this. But I am also certain you have more than enough supporters to pull this off in a big way.
I am having one little problem buying it through my Vanguard account, but hopefully I can get that worked out.
Jim, can Canadian investors invest?
Best wishes!
I love your entrepreneurial spirit! Its inspirational. I will start a small position today.
Super!
Can I buy JUBAX through my Fidelity account?
Thanks.
Any way us smaller fry can get in through Sharebuilder or Zecco?
Congratulations !
Great initiative, count me in
If you want to invest through your broker go to: http://jubakfund.com/invest-in-jubax/invest/ and request that your broker be included. At the moment, it appears to be by direct purchase… from what I can tell from a cursory glance.
Count me in as well. I love following your pics, but sometimes its too darn hard with my own day job to worry about. This makes it easy!
Congratulations Jim! It’s been a long time coming. I’ve been a reader of your columns for many years, and appreciate it for its investment insight and macro perspective. Will definitely be interested in putting money in your fund!
Three thoughts Jim,
1. Obviously, wishing you all the best in this venture! I haven’t yet read the prospectus, but in the past you have claimed no special knack at ‘trading’. So, will you be calling all the trades or possibly consult on some of the timing?
2. It seems that the JAM newsletter marketing is being undercut by the JUBAX fund. Three hundred per year (with an initial 50% discount), or a $500 ‘loan’ that is likely to appreciate… Not a tough choice! …Though I wouldn’t personally bother with only a $500 buy. I’ll be looking forward to getting the e-mail notification that I can invest via my regular broker.
3. What I find exciting here is the interactive nature of JUBAX and the educational opportunities it presents for participants. Thinking of what one could learn working near the elbows of highly successful fund managers, this could be almost all of that but without the work! (emphasis on ‘highly successful’!!!)
Jim, congratulations.
As confirmed before, I am prepared to invest in JAM.
Regarding your mutual fund, being French, elderly and somewhat paranoid, I am concerned about safety (Madoffs don’t help).
When we buy, what do we buy? shares in the fund?
what happens if my money is not invested in the fund?
what happens if you break your neck, as this is definitely an intuitu personae thing?
How do I recover my funds if I want to sell out?
Last, how can I buy it from France?
Jim
I’m in same boat as some others td-ameritrade does offer this as of yet….so will have to look for another way.
Anyone found a list of what the fund is currently comprised of?
Awesome. IMO, this makes much more cents than the $300 subscription alone.
juday3-
Probably “Picks”, “50 Best”, and “Div Income” will cover 96% of it or so…I’m guessing. Maybe a new item or two off “Watch”?
Jim is kind of a dedicated sort of guy.
Congrats Jim
sounds like a winner!! count me in.
Jim,
Congratulations on taking this next step….I am sure many of your loyal followers, including me perhaps, will jump on board. One minor feedback point….is there a specific reason why the expenses to your fund are at 1.75% if my glance at your prospectus is correct? In terms of mutual funds, this is on the high side of expenses. Perhaps a closer study of your prospectus may explain in greater detail though to be honest, I was a little disappointed a first glance.
Jim,
Same as to what Alpha09 said. Thank you so much for all of your hard work !!
I’ll be using Ameritrade for some purchases once they are on board, but will also be setting up an online account as well.
Jim,
Congratulations!
I will be in whenever Ameritrade or Vanguard offer
Thanks
Congratulations!
Could you please provide more information of what’s the fund consist of? So at least I can get an idea. Many thanks.
Jim,
Congratulations on this very logical and deserved next step for you! You have all the knowledge and knowledge-gathering skills and passion to make this a success. So I’ll be glad to help you indulge in your “character flaw”
Not to mention that investing in your JUBAX fund will save me from the work of choosing which Jubak’s Picks stock to invest in and when to buy and sell, etc. Count me in!
cjxland – that’s kind of what I was thinking too, but didn’t know if it was out there yet. thanks!
Jim,
Regarding the JUBAX introduction page:
http://www.phrases.org.uk/meanings/at-one-fell-swoop.html
SWEET
Invested, but could not get the connection to activate JAM information as promised, plus tried to email from two different email accounts and both were returned multiple times. Is there a server problem or some other IT problem?
francolargo,
Your 3rd point is right on: How often does one get to look into the mind and rationale of the mutual fund manager doing the actual stock-picking? This will be so unlike every other mutual fund. Jim lays it all out here in his blog and (as he described) in his JAM newsletter. A huge difference now is that the JUBAX fund will take full advantage of Jim’s knowledge and up-to-the-minute market discoveries, whereas I personally would not have the time and know-how to fully profit from all the info Jim provides. So Jim starting the JUBAX fund is timely for me and, I believe, the right next step for him.
and the expense is only around 2%
Kudos.
Count me in. Can I invest thru fidelity?
Excellent Jim! I have been hoping you would do a move just like this. If I can buy JUBAX through Schwab, Scottrade, or Merrill, I am in!
Of course not; a little dust just got into my eyes…
Jim,
Would you be interviewing companies’ CEOs as part of running JUBAX? I would think you wouldn’t need to do too much of that, since the information that you’ve been uncovering and your analysis for Jubak’s Picks over the years did NOT depend on CEO interviews or actual visits to companies. Besides, CEOs will naturally be biased. Still, I’m just curious whether you plan on talking to select CEOs or senior people at companies as part of your research, since they will now have an incentive to meet with you.
Congrats! This put a little extra bounce in my step today.
Being fairly new to some of this… is there any advantage to getting in early aside from missing out on any gains? I’m definitely in, but I’d prefer to wait until Scottrade is available. If there is benefit to getting in earlier, I would consider opening a new account.
HOORAY! Just in time. After 10 years of following your directions and managing my portfolios alone, I am ready to “hand over the reins” to the expert. This couldn’t have happened at a better time. One question: Are you doing this alone or are you including fund managers as well?
Congrats. Saw a posting about this a while ago as a hint it was going to happen so now it is real. Lets see where the journey goes.
You’ve had a tough year and you’re setting off to unfamiliar territory but I like your approach and you’re fun to read so I opened an account. Good luck to you and all of us new investors!!! We’ll enjoy the ride.
I would love to invest, but after hitting the site it looks like Canadian investors are left out? Strange since Canadians are easily able to purchase US shares/mutuals?
Shares of JUBAX are currently offered only in the United States to U.S. investors and are not available for sale in any jurisdiction other than the United States.
I wouldn’t expect too much in the way of answers on the website. Fund offerings are fairly strictly regulated and communication will likely be limited to the prospectus lest Jim run a-foul of the SEC and the 1933 Securities Act.
I would merely comment that 1.75% is a bit high, but it’s all relative to performance. Many times as a fund ages and has a greater pool of capital the fees come down as a percentage to overall holdings. Hopefully this fund will follow that trend as well (not to mention 12b-1 fees are about to be severely limited by the SEC).
My major concern is the required subsequent investment of $250 each time. I like to kick over random sums of money (leftovers, bonuses, etc.) into my investments and that $250 threshold limits me. Most funds only impose a $100 limit. I hope some of the fund particulars will be subject to change as it becomes more successful/stable/capitalied etc.
Congrats, Jim. I’m in as soon as it’s available on E*Trade, as I like to try and keep my investments in (as close to) one place.
JimB – I had the same issue when I opened my account today – Error activating JAM subscription, contact info@…. then the e-mail to info@… gets kicked back as undeliverable. I e-mailed the contact us link at JUBAX – that did not get kicked back and i am awaiting a response. i’m sure they will get it sorted Jim would never leave us hangin.
Congratulations Jim!
Happy for you and wish you much success , plan on coming along for the ride as soon as Vanguard gets JUBAX on their authorized mutual fund purchase list. Think I may be having the same problem Ed has buying in. Maybe you can help expedite Vanguards approval process so we can climb on board.
Aloha,
pk
Congrats Jim…I will definitely look into it!
I checked online with Vanguard and JUBAX didn’t show as a fund that I could get through them. Maybe I need to give it a few days. Don’t let the price run up too high before I have a chance to jump on board.
Jim, I have invested but your free subscription process is not working. I have tried everyway to get connected and nothing seems to work. I look forward to reading your JAM newsletter, just be sure I am on the list.
Great news!
Will the JUBAX fund emulate the “Jubak Picks”, “Jubak 50″ portfolios or neither? Will some of the stocks overlap?
lotteollie,
Spoke to customer service and they told me to check back in about a month. Told them that was unacceptable and they need to authorize it sooner.
pk
Many Congratulations !
I always wished you start a fund for your picks. Count me in.