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T. Rowe Price New Era Message Board

  • mikomend mikomend Mar 13, 2010 3:04 PM Flag

    prnex versus fnarx

    I see a lot of folks concerned about a new manager, but nobody mentions the possibility of moving into Fidelity's FNARX. Any Thoughts??

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    • I've owned PRNEX for about 3-4 years now but I've open to other ideas in the Natural Resource category. Looking at fnarx vs prnex's top 10 holdings, isn't there a good bit more energy stocks in fnarx and more metals stock in prnex?

      I bought in prnex for the exposure to the metals, not energy. I've got vgenx for the energy exposure. Am I missing something? glty

    • I'm concerned too. So I have been looking for an alternative.

      TDA says, "VGPMX appears to have the best combination of risk adjusted return and low cost with a Sharpe ratio of 0.16 and an expense ratio of 0.39%" But I don't have 10k to enter that fund.

      FNARX does show up as alternative and is on their premier list, but not on their NTF list.

      So, here's my thoughts.

      I'm leaning towards an ETF...TDA recommends IYM as the best alternative. Sharpe ratio of 0.1 and an expense ratio of 0.47%.

      What also popped up was RTM, VAW, XLB.

      FNARX seems to stay right with PRNEX on the chart...hmmm makes me wonder.,iym,prnex,rtm

      good luck to all

    • FNARX looks pretty good, however you may want to research PNPRZX. If you compare charts at Yahoo! Finance PNRZX has returned better yields, BUT FNARX appears to be more stable. So, depending on where you are in your investment time horizon I thought you may want to explore the Prudential fund as well. It paid a higher dividend in 2009 and has a higher MorningStar ranking. However, I prefer more stable funds, so I may convert PRNEX into FNARX. Thanks for the tip!

30.60Nov 25 6:45 PMEST