A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.
Top managers continue to exercise a lot of patience as they look for buying opportunities in a U.S. equity market that has risen close to 40% since the start of 2013.
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.
The pickings continue to get slimmer for a proven group of top fund managers as the market continues to trade around its all-time high.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.
Our top managers continue to put money into wide-moat firms.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
Our managers are still finding attractive opportunities in a more richly valued market.