Top 10 Stock Purchases by Leading Fund Managers

Developed stock markets have rallied significantly over the past five years, making it harder for leading fund managers to find good value companies to add to their portfolios

Greggory Warren, CFA 18 November, 2014 | 9:53AM

Despite the increased volatility in the global equity and credit markets that kicked off near the end of the third quarter, the S&P 500 still rose more than 1% during the period, and was up more than 8% for the first nine months of 2014. For much of this year we've sensed that the US markets, which rose more than 30% during 2013, have been looking for a reason to sell off. And on several occasions since the start of 2014, concerns about growth and currency stability in emerging and developing markets have provided the spark.

While the selloff that started midway through September continued into October, the markets rallied enough to lift the S&P 500 more than 2% for the month. Market gains have continued since the end of October, with the index likely to close out 2014 with another double-digit gain.

This has kept investor flows into equity funds - primarily tracker funds and ETFs - on par with what was seen during 2012; however, if flows do improve dramatically during November and December we could come close to matching 2013 levels.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Accenture PLC Class A253.44 USD1.40
Capri Holdings Ltd39.13 USD0.88
Comcast Corp Class A51.69 USD0.19
eBay Inc50.97 USD1.35
Glencore PLC237.65 GBX3.10
Goldman Sachs Group Inc239.58 USD1.75
Honeywell International Inc212.68 USD2.14
Oracle Corp59.96 USD1.16
Perrigo Co PLC49.87 USD3.19
The Hershey Co150.87 USD0.69

About Author

Greggory Warren, CFA  Greggory Warren, CFA, is a senior stock analyst with Morningstar.

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