|Last Price$30.70||Day Change (%)0.26%|
|Open Price$30.70||Day Change ($)0.08|
|Day Range30.70–30.70||52-Week Range29.53–35.07|
As of Fri 08/28/2015 | USD
Top managers continue to find opportunities for some new-money purchases, while taking full advantage of a rising stock market to book gains in shares trading above their fair value estimates.
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.
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.
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.