Barron's: How USAA Finds Stable Growth

By SIMON CONSTABLE

When you look at the $1.2 billion USAA World Growth fund. you Might think you’re seeing double. First, there are two portfolio managers, David R. Mannheim and Roger Morley. They work for USAA’s subadvisor, MFS Investment Management, which is where the second part of the double vision kicks in. The pair also run the MFS Global Equity fund (ticker: MWEFX), which is “modeled after,” or is substantially the same as, the USAA fund (USAWX). USAA’s World Growth has expenses of 1.19%, versus 1.29% for the MFS version. See original story here. 

Photo by AbsolutVision on Unsplash