Two funds sold and two funds bought developing-world stocks during the region's bear market.
Gold-rated AMG Yacktman fund is prepared for the changing of the guard.
Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.
Bill Gross adds management duties on PIMCO Unconstrained Bond while its longtime manager is on a sabbatical, Arif Husain taking over T. Rowe Price International Bond, and more.
Manager Don Yacktman says the decline in trading costs along with the natural volatility of stocks is creating opportunities for value managers focused on the long term.
Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman .
Like the Oracle of Omaha, these funds prefer to buy and hold quality businesses.
Don Yacktman and Pat Dorsey look for undervalued firms with margins of safety, and they see a lot to like in today's market.
Take a look at the buys and sells of some top funds across the Morningstar Style Box.
Five frequently asked questions for shell-shocked fund investors.