The big wire houses haven't grown up as money managers, which has hurt them.
The big wire houses haven't grown up as money managers, which has hurt them.
Overall, this fund gets my recommendation, with the caveat that it is more conservative than its peers. Since small caps have had a multiyear run, you may want to temper your exposure to this fund and make it a supporting player rather than a core fund in your portfolio.
It's a real boom-and-bust, roller-coaster business.
We're confident about the longer-term prospects for the fund. Although it may not keep up with its more aggressive peers in a tech rally, we think its attention to long-term cash flow generation can help it in a slower-growth environment, when an earnings miss can send a richly priced stock reeling.
© 2020 Inspirational Stories
© 2020 Inspirational Stories