• / Free eNewsletters & Magazine
  • / My Account
Home>Research & Insights>10 Questions>Morningstar Managers of the Year

Related Content

  1. Videos
  2. Articles
  1. Wide-Ranging Success for T . Rowe Price Capital Appreciation

    The strategy of this moderate allocation fund plays to T . Rowe's expertise across a broad range of asset classes, says Morningstar analyst Greg Carlson.

  2. Giroux: Very Few Attractive Names in the Stock Market Today

    The T . Rowe Price Capital Appreciation manager says bargains are hard to come by today but does see some value in the highest-quality high-yield bonds .

  3. How to Assess Bond Risks in Your Portfolio

    Bond -fund investors need to focus on duration, credit quality, and relative yields to better understand how much risk they're taking on, says Morningstar's Eric Jacobson.

  4. Time for the 3% Withdrawal Rule?

    Low bond yields have called into question the safety of the 4% withdrawal strategy, while other avenues for extra retirement income have their own pros and cons, says Morningstar's David Blanchett.

Morningstar Managers of the Year

10 Questions with Bill Frels, Mark Henneman, Rajiv Jain, Mark Kiesel, Eric Newman, and David Giroux.

Morningstar Advisor, 02/11/2013

This article originally appeared in the February/March 2013 issue of MorningstarAdvisor magazine. To subscribe, please call 1-800-384-4000.

Domestic Equity: Bill Frels and Mark Henneman, Mairs & Power Growth MPGFX

1 You and many of your largest holdings are based in Minnesota. That’s worked well for you?
We benefit from the fact that there are a lot of well-managed, growth-oriented companies in or around the Twin Cities. We’ve got a lot of raw material to work with.

2 Why is proximity important to you?
Getting to know management and their strategies and how they are planning to achieve their objectives is critical, at least in our minds, to making good long-term investment decisions.

International Equity: Rajiv Jain, Virtus Foreign Opportunities JVIAX, Virtus Emerging Markets Opportunities HEMZX

3 Your funds have more India exposure than most peers and less China. Why?
It’s a function of what companies are being offered. You can get ITC, which is a tobacco monopoly in India, and Hindustan Unilever, which has been around for 120-odd years and has done well. You cannot find any companies of that nature in China.

4 What is the investment story in India?
In India, we feel there is a big, long-term consumption story that is not well appreciated. 

Fixed Income: Mark Kiesel, PIMCO Investment Grade Corporate Bond PBDAX

©2017 Morningstar Advisor. All right reserved.