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  • Jul 12th, 2012 9:14 am
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[OP]
Member
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Nov 30, 2009
458 posts
17 upvotes

O'Leary Funds

This guy always enterains me on Dragon's Den and Shark Tank, but I didn't know I could actually buy some of his mutual funds.

http://olearyfunds.com/

Some of them have really good dividend payouts too (OCH.UN at $9.86/unit has a monthly dividend of $0.08)

Anyone else own O'Leary funds?
8 replies
Deal Addict
Nov 26, 2005
3085 posts
249 upvotes
Vancouver
dcyeung wrote:
Jul 10th, 2012 4:11 pm
This guy always enterains me on Dragon's Den and Shark Tank, but I didn't know I could actually buy some of his mutual funds.

http://olearyfunds.com/

Some of them have really good dividend payouts too (OCH.UN at $9.86/unit has a monthly dividend of $0.08)

Anyone else own O'Leary funds?
I wonder the % of ROC in that "dividend"
Sr. Member
User avatar
Mar 13, 2012
858 posts
133 upvotes
Planet Earth
I like the guy also but I don't think I would invest my money knowing that all he cares about is making money for himself... I personally would rather look at the funds make up and goals and invest in individual alternatives.... :)

Interesting prospectus on the Income Capital fund but an MER of 2.84% is definetly not for me. As a matter of fact... all fees are well out of my range for screening qualification.
If at first you don't succeed, destroy all evidence that you even tried.
Deal Expert
User avatar
Dec 11, 2005
18942 posts
1377 upvotes
The thing about funds like this is their high MER does not make a lot of sense because they are trivial to replicate in your own portfolio! Just look at the fund holdings, and buy those stocks, and monitor / re-balance every couple of weeks.

The contents of these funds are not that actively shuffled, especially funds like the high-income fund, as there are only so many players in the Canadian marketplace that meets their qualifications for purchase.
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
Deal Addict
Aug 1, 2008
1554 posts
74 upvotes
Ottawa
I would be leery (pun intended). I got in his BRIC fund at initial offer and took some time to read the prospectus. Some of the
management fees go to his son. I bailed after 8 months at a loss....I'm sure his son made out well
Deal Addict
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Jul 1, 2007
2549 posts
76 upvotes
If you do some research, you'd know he's doing very poorly.
Google is your best friend.

I'd advise AGAINST the O'Leary Funds.
Deal Addict
May 31, 2007
4996 posts
2108 upvotes
+1, mers in the 3-4% range. Also there are news articles out with him having major net redemptions.. like 25% or something. The markets not making money and his funds are skimming 3-4% on top.
Deal Addict
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Apr 30, 2012
2741 posts
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Montreal
Jungle wrote:
Jul 11th, 2012 11:47 pm
+1, mers in the 3-4% range. Also there are news articles out with him having major net redemptions.. like 25% or something. The markets not making money and his funds are skimming 3-4% on top.
Here are the articles:

http://www.theglobeandmail.com/globe-in ... le4216446/
http://www.theglobeandmail.com/globe-in ... le4219783/
Deal Addict
Aug 1, 2008
1554 posts
74 upvotes
Ottawa
later verified by The Globe and Mail using each of the O’Leary funds’ annual reports found online. Mr. O’Leary says these public documents are misleading.
Nuff said

"Makes sense when you don't think about it"

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