|Last Price$26.51||Day Change (%)0.04%|
|Open Price$26.51||Day Change ($)0.01|
|Day Range26.51–26.51||52-Week Range26.50–33.02|
As of Thu 02/10/2016 | 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.
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.
Investors tend to capture more available returns in balanced funds due to a smoother ride.
Boring investments tend to keep people in their seats, which leads to better outcomes, says Morningstar's director of personal finance.
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.