|Last Price$32.87||Day Change (%)-0.09%|
|Open Price$32.87||Day Change ($)-0.03|
|Day Range32.87–32.87||52-Week Range31.00–35.07|
As of Thu 05/28/2015 | USD
Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.
These top managers continue to focus on higher-quality dividend-paying stocks in a market that has become more volatile of late.
Partially closed Oakmark Global Fund has a higher-quality tilt and an impressive risk-adjusted long-term track record.
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.
Beware the dangers of complacency, remember the virtues of defensive holdings, and resist the temptation to overreach for yield, says Morningstar's Christine Benz.
The continuing U.S. stock market rally has diminished the number and similarity of purchases across these top managers.
Top managers continue to focus on higher-quality dividend-paying stocks in a fully valued market.
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.
Morningstar readers name their favorite core bond funds, TIPS, and allocation vehicles for the middle portion of their portfolios.