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Its slower cash burn is encouraging, but we remain concerned about end-market demand.
The past Morningstar Manager of the Year winners favor credit card firms, split views on Facebook, address China's importance, extol executives' foresight for future growth and disruption, and much more in this panel presentation at the Morningstar Investment Conference.
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.
Investors fret over Apple and emerging markets, the Fed continues its exit, and Facebook shares get over-liked.
These managers have planned for the future—and protected strong records—by placing an emphasis on succession planning.
As valuations have run up in tech, we're staying focused on economic moats.