Growth Approach and Avoidance
RS Investments' Allison Thacker says the funds have seen software-as-a-service names recently looking more attractive, while they have been trimming traditional consumer-discretionary names.
Ryan Leggio: You have done, especially in the small-growth fund, extremely well over the last couple of quarters, despite the fact you have owned some lower-beta names. Just really kind of stock-by-stock names have worked well for you. Can you talk a little bit about with the recent market correction that's happened, we're talking right now in mid-June, how you're thinking about possibly repositioning the portfolio for some opportunities ahead?
Allison Thacker: Well, the fund has done very well during the last six months or so both in up markets and particularly on downside protection, and I think it has to do with building it up on a stock-by-stock basis and requiring good upside to downside.
Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.