|Last Price$75.73||Day Change (%)0.49%|
|Open Price$75.73||Day Change ($)0.37|
|Day Range75.73–75.73||52-Week Range59.76–76.65|
As of Thu 03/30/2017 | USD
Most investment shops reward managers for short-term results, and few consider risk-adjusted returns.
This Gold-rated fund's overweights in the energy and financials sectors have come roaring back this year.
Oakmark manager Clyde McGregor says with interest rates remaining low for much longer than he had anticipated, the reasons for previously closing one of his funds no longer made sense.
Despite the drop in natural gas prices, certain firms in the energy sector are showing their value, says Oakmark manager Clyde McGregor.
Bill Nygren says Oakmark took small positions in two well-managed firms--Chesapeake and Apache--that could see significant upside when prices bounce back.
The following is an excerpt from Morningstar's Premium Analyst Report for Oakmark International OAKIX, a foreign large-blend fund that receives a Gold Morningstar Analyst Rating. Morningstar.com Premium Members can click here to see the full Analyst Report. Not a Premium Member? Take a free ...
Oakmark International manager David Herro's closure of the fund is a preemptive move to taper asset flows and put shareholders first, says Morningstar's Shannon Zimmerman.
Oakmark's investing-centric corporate culture is solid, but lower fees would be welcome.
Oakmark's Bill Nygren discusses the broad talent pool from which to choose new comanagers for several funds, and he also touches on portfolio capacities and constraints.
Its doors have reopened and a manager is leaving, but the key leader remains in charge.