Blog   Tagged ‘milestone’

Celebrating 20 years with the Scout International Fund

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At Scout Investments, we’ve had a lot to celebrate lately. The Scout International Fund, celebrated two major milestones over the last few months: the fund’s 20th anniversary in September and more recently reaching $10 billion in assets under management.

You’re probably wondering why the 20th anniversary of an international mutual fund is such a big milestone. Well, according to Morningstar data as of Dec. 1, 2013, the Scout International Fund is one of only 70 “Foreign Large Funds” that have passed the 20-year mark of the 380 funds in existence in that category today. It’s one of the oldest international large-cap funds available to investors. 

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The Scout International Fund is led by Jim Moffett, who has managed the fund since it launched in 1993, along with co-portfolio managers Michael Stack and Michael Fogarty. The team also includes seven experienced sector analysts.

For an international fund to be around for 20 years with the same manager at the helm the entire time is certainly unique. In Jim’s two decades as lead manager on the fund, he has seen a world of change in international investing and investors’ views. When the fund first launched, investors were very cautious of international investments, especially as compared to today’s global marketplace with many investment options in developed and emerging markets around the world.

Recently, Jim traveled to New York City and spent time discussing the fund and his investment strategy with several media outlets. He had the opportunity to discuss current events affecting international markets and where the team is finding opportunities, as well as sharing his thoughts on specific holdings in the fund.

One of the media interviews he conducted was with CNBC Television during their morning program Squawk Box. Watch Jim’s interview here.

Preparing to go live on CNBC.

Jim was also a guest on Bloomberg Television during In The Loop with Betty Liu. Watch Jim’s appearance here.

We congratulate the Scout International Fund team on these recent milestones. We also thank our investors for their continued support and confidence in the fund to help them meet their long-term investment goals.


 

When you click links marked with the “‡” symbol, you will leave UMB’s website. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.

All opinions represent Scout’s judgments as of the date of the interview and are subject to change at any time without notice. You should not use these interviews as a substitute for your own judgment, and you should consult professional advisors before making any tax, legal, financial planning or investment decisions. These interviews contain no investment recommendations and you should not interpret the statements in these interviews as investment, tax, legal, or financial planning advice. Information used in these interviews was obtained from third-party sources it believes to be reliable, but this information is not necessarily comprehensive and Scout Investments does not guarantee that it is accurate.

The Fund’s Prospectus or Summary Prospectus, available by calling 800.996.2862 or visiting scoutfunds.com, include investment objectives, risks, fees, expenses, and other important information. Please read and consider carefully before investing.

Risk Considerations: Foreign investments present additional risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks.

The Scout Funds are distributed by UMB Distribution Services, LLC, an affiliate of UMB Financial Corporation, and managed by Scout Investments, Inc., a subsidiary of UMB Financial Corporation.


Scout Investments Chief Executive Officer Andrew Iseman provides strategic direction and day-to-day management of the firm and leads the firm’s executive committee. He has developed Scout Investments’ multi-year growth strategy, which includes delivering competitive investment performance to clients, bringing Scout’s award-winning equity investment strategies to the institutional channel and broadening distribution for Reams Asset Management Co., Scout’s fixed income division. Mr. Iseman joined Scout in August 2010, bringing with him a lengthy career spent in the financial services industry, including more than 26 years of experience at the most senior levels of asset management. Mr. Iseman received a master’s degree and bachelor’s degree in business administration from Rockhurst University. He serves on the board of directors of Starlight Theatre.

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A smooth road to retirement

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Are you ready to begin the next stage of your life? Retirement is still an option despite the current slow-growth economy. If you’re considering or approaching retirement, there are several items to keep in mind when nearing this important milestone. If you are planning to leave the working world in the next 18 to 24 months, here are a few considerations in the current economy:

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  • Understand your actual timeline.

    Your “time horizon” may be longer than you realize. Life expectancy is also a big factor. A retirement date is an initial benchmark, but you need to keep in mind that your money can still “work for you” while you are enjoying your newly discovered free time.

  • Make sure to have a cash reserve.

    You should build up a reserve large enough to carry you through six to 12 months of retirement expenses. This can provide a cushion in case of an unexpected downturn or a major unplanned expense.

As markets can vary year to year, those with more than two years until retirement can plan for either situation in the following ways:

  • Increase contributions.

    Invest extra cash. Consistent dollar-cost averaging can help reduce the worry of when and how much to invest. You may also want to direct some of those extra contributions into a cash reserve, just in case of unexpected declines.

  • Diversify, diversify, diversify.

    Don’t put all your eggs in one basket. Throughout market cycles, different classes, styles and assets with diverse market capitalizations perform differently. Actively managing your portfolio diversification can have a greater impact on performance than individual investments.

Most of all, flexibility and patience are virtues in the world of portfolio management.  Don’t fall in love with a retirement date, and don’t be frustrated with market activity. If you have questions or concerns, it may be advantageous to seek the advice of an experienced professional.

Professional advisors can offer objective, educated and customized guidance. They are also an objective and knowledgeable resource that can provide a valuable perspective. While an advisor may not be able to provide every person with the news they want to hear, a good financial advisor can help maximize and leverage the assets individuals have against their personal timelines, risk tolerance and goals.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Diederich serves as managing director of portfolio management. He is responsible for managing the portfolios of high net worth clients and select institutional relationships. He joined UMB in 2003. Mr. Diederich earned a Bachelor of Science in Finance from Missouri State University in Springfield, Mo., and a Master of Business Administration from the University of Missouri – Kansas City. He is a Certified Financial Planner®, a member of the Financial Planning Association and has more than 15 years of experience in the financial services industry.

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