2 Top Managers on Secular Change and the Market

T. Rowe Price's David Giroux and Wellington Management's Jean Hynes talk value investing, innovation in healthcare, and where they're finding opportunity.

Susan Dziubinski

May 15, 2019

Mentioned: Keurig Dr Pepper Inc (KDP) , First Data Corp (FDC) , T. Rowe Price Capital Appreciation (PRWCX) , Vanguard Health Care Inv (VGHCX) , Amazon.com Inc (AMZN) , Verizon Communications Inc (VZ) , Biogen Inc (BIIB) , Walmart Inc (WMT) , International Business Machines Corp (IBM) , General Electric Co (GE)

A recurring theme at the conference was: Will value investing ever rebound? Is a reversion to the mean forthcoming or has the market fundamentally changed during the past decade?

Morningstar's director of equity strategies Katie Reichart posed those questions--and many others--to two fund managers who've proved adept at valuing companies relative to their growth prospects: Giroux, who manages Gold-rated T. Rowe Price Capital Appreciation (PRWCX), and Hynes, who leads Gold-rated Vanguard Health Care (VGHCX).

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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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