Value fund managers look for mature companies with ample cash, and a proven track record of paying dividends.
Not exact matches
«Until six months ago, nobody... could
look at YPF and ascribe any real
value to those reserves because the country was a pariah,» says Michael Kass,
manager of the $ 3.3 billion Baron Emerging Markets
fund.
To find
value, the
fund's
managers look for companies that are in operational distress but not financial distress.
But analysts and
fund managers looking over the medium term still see
value in the stock.
For those
looking for a real life example (I suspect I know the answer but I will defer to Charles to provide the numbers in next month's MFO), contrast the performance over time of the closed - end
fund, Source Capital (SOR) run by one of the best
value investment firms, First Pacific Advisors with the performance over time of the mutual
funds run by the same firm, some with the same portfolio
managers and strategy.
Window dressing by
fund managers at the end of the year to make there
fund look like everyone else's creates
value opportunities.
The
fund manager looks to the S&P 500
value relative to its historic moving average and bond curve inversion as buy and sell signals.
A trust's directors are there to
look out for the interests of shareholders, which involves ensuring they are getting
value from the
fund managers they use.
Strategies and
managers that
look like they are adding
value can actually erode wealth on an after - tax basis — this is illustrated by the
funds highlighted in green in Exhibit 1; and
The time has come to put our money where our
values are, and money
managers and mutual
funds that claim to be sustainable or socially responsible should
look very closely at what these words truly mean and reflect upon whether they should use such terminology if they don't measure up to such a standard.