Manager Question of the Month: How Active Fund Managers Cope With Index Concentration
Managers from T. Rowe Price, Wellington, American Century, and others discuss the trade-offs.
Linda Abu Mushrefova
Linda Abu Mushrefova, CFA, is a manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. She covers equity strategies.
Before rejoining Morningstar in 2017, Mushrefova was an analyst on the fixed-income team at Neuberger Berman, covering opportunistic strategies. From 2013-16, she held a variety of roles at Morningstar, including as a product consultant and a data analyst for the firm's open-end and hedge fund databases.
Mushrefova holds a bachelor's degree in economics from Northwestern University. She also holds the Chartered Financial Analyst® designation.
Latest
Buy the Unloved: 2021 Funds Edition
After an out-of-favor 2020, the large-cap, bank-loan, nontraditional bond, and world-allocation Morningstar Categories may be due for a rebound.
A Fine Choice for Small-Value Believers
The well-resourced team at T. Rowe Price Small-Cap Value takes a sensible approach to investing in small companies.
Small-Cap Value Comes Back--But Not All the Way
It's too soon to tell whether small-value's November resurgence will endure.
This Fund Takes a Sensible Approach to Small-Value Stocks
Despite recent hiccups, Boston Partners Small Cap Value II's deliberate approach should reward investors over a full market cycle.
What the Undecided Election Means For Investors
A discussion of taxes, stimulus, regulation, and the likely market reaction as we get results.
What's Going on at Diamond Hill?
A personnel exodus spurs widespread change.
Dead Again? Value Managers Say Their Style Is Far From Over
Fidelity's Ramona Persaud, T. Rowe Price's David Wallack, and Diamond Hill's Chuck Bath discuss the state of their investing style at the Morningstar Investment Conference.
Value and Momentum Fall Out of Favor, but for How Long?
Here's a look at some strategies that combine the two factors and how they have fared.
Buy the Unloved: 2020 Edition
A simple contrarian investing strategy to consider.
Diversify With One of These Mid-Cap Equity Funds
These blend, value, and growth options can serve a valuable role in a diversified portfolio.
A Fine Choice for Small-Cap Seekers
The Silver-rated fund applies a disciplined, relative value approach that emphasizes bottom-up stock-picking.
How T. Rowe Price Rode Out 2019
The firm saw some notable manager departures amid solid overall performance.
How Diamond Hill Shines Bright
The firm's proven philosophy has been consistently applied, and we expect it to continue to reward investors over a full market cycle.
Back-Door Access to an Excellent but Off-Limits Value Strategy
Diamond Hill Mid Cap shares approximately 70% overlap with its stellar but closed sibling Diamond Hill Small-Mid Cap.
How Fund Managers Are Using Big Data
With big data comes big questions.
8 Upgrades Highlight August Ratings Changes
Morningstar analysts rated 149 strategies in August.
7 Upgrades Highlight July Ratings Changes
Morningstar analysts rated 149 strategies in July.
An Excellent Deep-Value Large-Cap Fund
LSV Value Equity earns a Morningstar Analyst Rating of Silver for its seasoned team and proven approach.
A Solid Small-Value Fund Reopens
Closed for more than a decade, Bronze-rated Columbia Small Cap Value II has successfully dodged value traps over time.
4 Downgrades Highlight Fundamental Weakening
Fresh looks at these funds result in reduced ratings.
A Rewarding Small-Value Fund for the Long Term
Deep resources and a disciplined approach drive Silver-rated Boston Partners Small Cap Value II.
A Capable, Quality Mid-Cap Growth Fund from Vanguard
Subadvisors William Blair and RS steer Bronze-rated Vanguard Mid Cap Growth.
An Appealing Small-Cap Fund
Bronze-rated Westwood SmallCap uses a valuation-focused approach, is supported by a strong team, and has an attractive price tag.
Why We Upgraded This Mid-Cap Value Fund to Gold
Diamond Hill Mid Cap shines with its proven team and attractive price tag.
This Newly Rated Mid-Cap Fund Delivers on the Downside
Gold-rated Diamond Hill Mid Cap boasts a deep bench and disciplined approach, but it lags in frothier market environments.
A Great Option for Mid-Cap Growth Exposure
A research-intensive focus and tenured team give us confidence in Jackson Square SMID-Cap Growth.
Don't Be Lulled by Mid-Cap Growth's Recent Strength
When growth funds get volatile in a bear market, value exposure can help mitigate losses.
Small-Cap Funds Struggle With Asset Bloat
These small-cap funds have significant mid-cap exposure.
A Deep-Value Small-Cap Fund
LSV Small Cap Value's disciplined process, deep bench, and reasonable fees gives us confidence it can continue to benefit investors over the long haul.
3 Standouts in the Struggling Large-Value Category
Our analysts like Diamond Hill Large Cap, Dodge & Cox Stock, and American Funds Washington Mutual.
Conservative and Aggressive Mid-Cap Growth Options
Prudential Jennison Mid Cap Growth and Hartford MidCap should both deliver over time.
An Upgrade to Gold for This Small-Cap Fund
T. Rowe Price QM US Small Cap Growth Equity should reward investors over the long term.
A Solid Choice for Mid-Cap Exposure
Bronze-rated Dreyfus Opportunistic Midcap Value benefits investors over the long term with a proven process, deep resources, and fair fees.
5 Large-Value Funds in Outflows That Investors May Want to Reconsider
Take a fresh look at these funds.
Diversify With These 2 Mid-Cap Picks
Hartford MidCap and Oppenheimer Discovery Mid Cap Growth both have disciplined processes, good long-term performance, and attractive fees.
5 Mid-Cap Favorites With Attractive Downside Protection
These Morningstar Medalists have served risk-averse investors well.
An Excellent Large Company Fund
A disciplined, intrinsic-value-focused process and experienced team have led to an impressive track record at Gold-rated Diamond Hill Large Cap.
What Impact Does Amazon Have on Your Fund?
Amazon’s impact has material consequences that reach beyond the large growth Morningstar Category.