Where Are Top Go-Anywhere Managers Going?
Several Medalist funds are holding large cash stakes, giving U.S. stocks a wide berth.
The outlook for global growth isn't rosy. Bond yields are low. Stocks aren't especially cheap, at least not in aggregate. Given that gloomy backdrop, where are top go-anywhere investors placing their bets?
To help answer that question, I took a look at funds with Morningstar Analyst Ratings of Gold, Silver, and Bronze within the world-allocation category. Funds in these categories pursue a broad range of strategies but typically have the latitude to invest in stocks and bonds across the globe.
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.