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.
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.
While more than one third of these top fund managers are outperforming this year, four of them stand out from the rest given their ability to outperform the market over almost all time periods.
A look at how some of our favorite funds measure up using Morningstar's price/fair value ratio.
Our picks from the ideas of some of the best investment minds around.
Where did Nygren go wrong?
Oakmark case raises tough issues and could be headed to the Supreme Court.
Which funds generated the greatest dollar returns in 2005?
While a majority of our top fund managers are outperforming this year, five of them truly stand out from the rest given their ability to outperform the market over all time periods.