Welcome to the Q1 2014 Earnings Call. My name is Katrina, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session.
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.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
Our analysts describe the layout of the global telecom landscape.