The departure of a long-tenured manager is a big loss for the fund; we lowered our rating to Bronze from Gold.
Leaning against flow and performance trends can be beneficial.
UBS 4Q Adjusted Profit before Tax; CHF 1.1 Billion, up 47% YoY
Travelers Institute Launches Small Business – Big Opportunity™ Series in International Markets
We try to distinguish good active strategies from flashes in the pan.
Unless specified otherwise, all performance and market data are sourced from Bloomberg. For all indices, performance reflects total returns which is change in price plus reinvested dividends and/or interest, if any. MSCI index total returns are shown net of dividend withholding taxes.
June 14-18 on Morningstar.com
Investors often underestimate the virtues of risk control at the worst possible times.