Talking Value With Tweedy's Bob Wyckoff

The more money that flows into a mutual fund, the more fees the fund company gets. That's why it's surprising when firms close funds that are beating their benchmarks.

In the case of deep value shop Tweedy Browne, this Wednesday the managers are shuttering their signature (TBGVX Quote)Tweedy Browne Global Value and (TWEBX Quote)Tweedy Browne American Value funds to new investors.

They're doing this even though the $6.7 billion global fund is up 2.62% this year, 5.5 percentage points ahead of the MSCI EAFE index, and the $660 million American fund is down 4.61%, 41 basis points ahead of the S&P 500. ...