what is AGTHX and James Drasdo doing with 10.8% cash holding ??
AGTHX has a 10.8% share in cash.....this is pathetic and embarrassing. I do not pay James Drasdo exorbitant mutual fund management fees to sit on cash....I can do that on my own.
I do not diversify with mutual funds to have holdings in cash....I can do and often do that on my own.
James Drado nneds to get those billion$$ in funds invested in equity stocks that have the potential to earn more than a woeful 1% return....If James Drasdo is too afraid to invest in the stock market he should pursue another career or he should be managing another mutual fund.