|Last Price$32.29||Day Change (%)0.00%|
|Open Price$32.29||Day Change ($)0.00|
|Day Range32.29–32.29||52-Week Range31.00–35.07|
As of Fri 07/03/2015 | 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.
Beware the dangers of complacency, remember the virtues of defensive holdings, and resist the temptation to overreach for yield, says Morningstar's Christine Benz.
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.
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.