The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
As the economy remains soft and uncertain, Fed tapering is now more likely a 2014 event, writes Morningstar's Bob Johnson.
Brand recognition and product innovation keep the firm's moat wide.
Rising interest rates have taken their toll, but as the Fed delays dialing back on stimulus, investors are poised to recapture some of their losses.
The views expressed in this article regarding market and economic trends are those of Pioneer and are subject to change at any time. These views should not be relied upon as investment advice, as securities recommendations or as an indication of trading intent on behalf of any Pioneer investment ...
Widening investment-grade credit spreads and rising interest rates lead to losses.
Recent Morningstar research shows that while some buys exist across the equity fund universe, many areas, such as dividend-paying stocks, are close to fully valued.
Get our sector-by-sector take on the bond market, plus our five best bond ideas.