Dodge & Cox Stock Fund Will Open to New Investors
Written by DR
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Dodge & Cox announced last week that it will open its Dodge & Cox Stock Fund (DODGX) and Dodge & Cox Balanced Fund (DODBX) to new investors beginning today, Monday, February 4, 2008. Both funds were closed in 2004 to new investors, although existing investors were permitted to continue investing in the funds. I’ve owned DODGX for a number of years and have been very happy with its performance. Last year, however, was not the fund’s best, which has led to increased redemptions. Now Dodge & Cox is in a position to handle more capital in both of these funds, thus prompting it’s decision to open the funds to new investors.
