We ve had some really wonderful positions lately. When you invest in a product like this you are making a bet that our management is able to trade in turbulent markets and we have been able to get some good returns, says Hart. Our fund believes in the existence of major trends and generally will trade with the trend rather than against it, provided it can identify the major fundamental forces that are propelling the trend. Since the Friedberg Diversified does not have any equity holdings, Hart instead, offers two sectors that he thinks investors should check out. There is more to investing than just equities.
Gold is undervalued and has done well for the fund.
It looks like gold has reached the bottom and is ready to bounce back. After a weak ending in 2000, it looks like gold is well positioned to do well this year. People have forgotten about gold in the technology rush, but the sector acts as a haven for people looking for real results. Oil has also done well for the fund, but everyone knows to get into oil by now, says Hart. If you found this story useful, send it to a friend.