Fundamentals Still Favor Stocks Over Bonds
Though he's lightened his equity stake, stocks are still an overweight for Ramin Arani, manager of Bronze-rated moderate-allocation Fidelity Puritan Fund.
Russ Kinnel: Hi, I'm Russ Kinnel, director of manager research for Morningstar. I'm joined today by Ramin Arani, manager of Fidelity Puritan, which has a [Morningstar Analyst Rating of Bronze and a 4-star rating].
Ramin, I want to start off by asking you a question: Is running the equity sleeve of a balanced fund different from running just an equity fund without a bond sleeve attached?
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.