|Last Price$30.15||Day Change (%)0.57%|
|Open Price$30.15||Day Change ($)0.17|
|Day Range30.15–30.15||52-Week Range26.23–31.51|
As of Wed 10/19/2016 | USD
There are plenty of funds to like in our new allocation 50% to 70% equity Morningstar Category.
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.
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.