The Gold-rated T. Rowe Price Capital Appreciation manager also discusses the fund's recent growth picks and attraction to BB-rated bonds.
Knowing the sources of a company's revenue, not just its country of domicile, is important for investors to get the actual exposures they want, says American Funds portfolio manager Rob Lovelace.
With roughly two thirds of this sector enjoying a narrow or wide economic moat, we continue to find pockets of opportunity when short-term concerns outweigh our forecasted long-term growth trajectories.
Amid the current challenging environment for defensive names, we see several opportunities for long-term investment in wide-moat companies at reasonable discounts.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
Things started going south in November--before the elements did, writes Morningstar's Bob Johnson.
More than a dozen analyst-approved foreign large-cap funds own these names.
In a market leaning toward the overvalued side, investors must dig deeper to unearth buying opportunities.
Strengthening volume suggests innovation investments are reaping benefits.
After several years of mixed returns, investors are rethinking how they get exposure to emerging markets.