Don't expect funds that have fared well during the rally to hold up during a correction.
As asset flows into equity funds continue to surge, it can be a gauge of performance chasing or risk investors are taking on right now.
This fund has only modestly outperformed its large-cap growth peers, but it can be a solid core holding for investors comfortable with concentrated portfolios.
Due to poor timing decisions, the typical investor in Fidelity Leveraged Company Stock has only captured half of the return of this potentially volatile fund.
These funds did well in 2013 but aren't poised to continue their streaks.
The broad stock runup in the first half of 2013 was a boon to ClearBridge Aggressive Growth, and comanager Evan Bauman says that the fund is well-positioned for the market going forward.
In a pre-emptive move, the Gold-rated foreign-large blend behemoth closes.
Fidelity manager Steve Wymer makes the growth case for some well-known companies and addresses why he looks at a larger basket of stocks than the average fund.
The Oakmark manager discusses a value case for Google, his team's three-pronged investment approach, and why capacity is not a major issue for the Oakmark Fund.
By homing in on Google's core revenue-generating operations, BBH manager Tim Hartch sees a value proposition in the online firm, with Google's other investments being gravy.
Despite a runup in its share price, Berkshire still trades at a discount and offers great opportunities to protect and grow capital over time, says BBH's Tim Hartch.
BBH Global Core Select manager Tim Hartch avoids currency hedging so he can eliminate complexities in managing the portfolio and maintain a focus on stable underlying businesses.
BBH Core Select comanager Tim Hartch and his team recently closed the fund to better manage the strategy through organic growth than though the anticipated inflows.
Promising changes are under way, but challenges remain.
Oakmark's Bill Nygren discusses the broad talent pool from which to choose new comanagers for several funds, and he also touches on portfolio capacities and constraints.
Wall Street tends to focus too much on Disney's theme-park traffic and too little on the firm's cable operations, which carry the majority of Disney's value, according to Oakmark's Bill Nygren.
Medtronic's current P/E and solid fundamentals make the stock more worthy of owning, says Oakmark manager Bill Nygren.
The Oakmark manager says many growth stocks are worthy of his value-oriented portfolios, so long as he doesn't have to overpay to get them.
Bank of America's current management team has allowed the firm to have possibly the strongest capital position among major U.S. banks, says Oakmark's Bill Nygren.
A good year for leverage has been a great year for this fund.
Despite the drop in natural gas prices, certain firms in the energy sector are showing their value, says Oakmark manager Clyde McGregor.
Although he notes the potential problems of investing in financial-services names, Oakmark's Clyde McGregor sees some mispricing in European banks.
Oakmark manager Clyde McGregor says with interest rates remaining low for much longer than he had anticipated, the reasons for previously closing one of his funds no longer made sense.
Oakmark's Clyde McGregor thinks the flight to safety is overdone, and with spreads being compressed so greatly, it's hard to do anything but take on risk in fixed income.
PIMCO's Vineer Bhansali says investors should consider active ETFs over traditional indexed vehicles because the latter are carrying very low yields and few prospects for price gains.
PIMCO's Vineer Bhansali sees price momentum as a means to enhance portfolio construction as well as hedge against risk.
All asset classes are currently being driven by central bank policy measures, and understanding the risks are critical for portfolio construction, says PIMCO's Vineer Bhansali.
Contrary to a decade ago, investors are seeking dividends from big-name tech firms, and Apple's payout makes the stock attractive for those who want both income and value, says ClearBridge's Michael Clarfeld.
Lower cyclical demand and strong emerging-markets potential allow the oil industry to stand out from other commodities, and ExxonMobil is the sector's best, says ClearBridge's Michael Clarfeld.
Despite fears of a dividend bubble, companies with long-term dividend-growth potential of 7%-9% per year remain very attractively valued, according to ClearBridge's Michael Clarfeld.
Morningstar ETF Invest Conference panelists discuss the similarities, differences, and appeal of these two strategies in today's low-growth, low-return, and high-volatility market.
Growth stocks have paced this year's market, especially among large caps.
Bill Gross says the 'cult of equity is dying.' Is he right?
Index funds are on a roll. Will it persist?
Here's what has worked, and what hasn't, so far in the year to date.
The sector isn't just for growth managers.
Jeremy Grantham, Will Danoff, and Michael Hasenstab are among the participants at this year's Morningstar Investment Conference.
A search for a successor should be completed by July.
How economically sensitive is your portfolio?
They're correlated, but not in the way many investors think.
Was a horrific 2008 boringly predictable or a preview of coming disasters?
These two small-value funds have followed different paths to success in a difficult year for the peer group.
Despite its volatility, investors have enjoyed most of this intriguing fund's outperformance.
There's more, and less, than meets the eye in momentum's long-term track record.
Disastrously impatient shareholders have earned less than one fourth of this fund's stellar 10-year gain.
The high pain points of a momentum strategy have kept its upside from being arbitraged away, says GMO's Tom Hancock.
Investors have been wary of the notion that just following a strong trend can outperform a value analysis, which is one of the reasons momentum investing still works, says Leuthold's Doug Ramsey.
The fixed-income guru has recently weighed in with stock recommendations. Should you take his advice? Chances are, you already have.
Bridgeway's John Montgomery discusses momentum's long history of outperformance and troubles during market inflection points.