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☆ U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. "Many large U.S. stocks appear to be expensive and consequently are offering lower future returns," Morningstar analysts wrote in a 2025 outlook report. 'Attractive pockets' Going forward, Morningstar's top executive is optimistic on markets like Japan and China which present "attractive pockets" of opportunity. 'Pockets of undervaluation' Over in Japan, Kapoor likes that the market offers "pockets of undervaluation."

Persons: Kunal Kapoor, I'm, Kapoor, Morningstar, Warren Buffett Organizations: CNBC Pro, Morningstar, China Holdings, Tokyo Stock Exchange, Nippon ISA Locations: U.S, Japan, China

☆ Why exchange-traded funds are a 'growth engine' of active management
▼ + stars: | 2024-11-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Meanwhile, active mutual funds lost money in all but one year (2021); they shed $344 billion in the first 10 months of 2024. "We see [active ETFs] as the growth engine of active management," said Bryan Armour, director of passive strategies research for North America at Morningstar. As a result, passive funds have attracted more annual investor money than active funds for the past nine years, according to Morningstar. watch nowBut, for investors who prefer active management — especially in more niche corners of the investment market — active ETFs often have a cost advantage versus active mutual funds, experts said. "They are a tiny portion of active net assets but growing rapidly at a time when active mutual funds have seen pretty significant outflows," he said.

Persons: Tang Ming Tung, Bryan Armour, it's, Morningstar, It's, Jared Woodard, Armour Organizations: Getty, Morningstar, North America, P, Bank of America Securities

☆ Proposed law aims to help Americans save more for retirement—but could end up hurting Gen Z, millennial workers
▼ + stars: | 2024-11-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

The bipartisan legislation, introduced to Congress in 2023, would create a federal workplace retirement account for workers, similar to a 401(k). Such a plan would undoubtedly improve outcomes for those who wouldn't have otherwise have access to workplace retirement accounts, a recent study from Morningstar finds. Matching tax credit: Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. "A lot of people would think of this federal plan as their [only] plan," he says.

Persons: Uncle Sam, Spencer Look, there'd Organizations: Savings, Morningstar, Workers

☆ Kemp: We see opportunities in smaller U.S. companies and value-oriented firms.
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKemp: We see opportunities in smaller U.S. companies and value-oriented firms. Dan Kemp, Chief Investment Officer of EMEA at Morningstar, highlights 2025 opportunities in smaller U.S. companies, value stocks, Europe, the UK, and emerging markets. He recommends treasuries for downside protection and notes the U.S. market is expensive, suggesting a focus on smaller and mid-sized companies.

Persons: Kemp, Dan Kemp Organizations: Morningstar Locations: Europe

☆ Trump's Mexican tariffs threaten to make life more difficult for automakers — including Tesla and BYD
▼ + stars: | 2024-11-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has vowed to hit Mexico with a 25% tariff, which would affect automakers including Tesla. The threat of tariffs on Mexico has also put a $10 billion new factory proposed by Elon Musk in limbo. Musk backed Trump's election campaign and has been given a role to target wasteful government spending. The world's richest person praised Trump's proposed tariffs on Mexico and China in an X post on Monday, saying they would be "highly effective." Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing south of the border.

Persons: Donald Trump, Tesla, Trump, Elon Musk, Donald Trump's, Alex Brandon, Musk, Trump's, Sam Fiorani, Fiorani, Ford, Stellantis, David Whiston, Scott Olson, BYD, Stella Li, Stephanie Brinley, Alanis King, Brinley Organizations: Truth, Elon, AP, Investment, UBS, Trump, AutoForecast Solutions, General Motors, GM, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, EV, BYD, SAIC, Reuters, Street Journal, Chrysler, BMW, P Global, Toyota Tacoma Locations: Mexico, Monterrey, China, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

Some parents fear their kids will waste money, sink into debt, and never move out. The financial planner tells parents to foster independence in their kids even if it's uncomfortable. AdvertisementMark Berg, who founded Timothy Financial Counsel in 2000, says there are steps parents can take to avoid that fate. AdvertisementLimiting spending money also teaches kids about opportunity cost, reinforcing the idea that money is scarce and there are constraints on what they can afford. The veteran financial planner suggested parents be up front with their kids about how much they can contribute to their college funds.

Persons: Mark Berg, —, Berg, they're, " Berg Organizations: Service

☆ Fiserv stock is red hot. Why one fund manager thinks it can be a long-term winner
▼ + stars: | 2024-11-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.

Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic

☆ Rethinking the 4% rule in retirement
▼ + stars: | 2024-11-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

The most commonly recommended rule of thumb is the so-called 4% rule, which means you spend 4% of your portfolio every year, on an inflation-adjusted basis. When you die, your nest egg could be almost as large if not larger than it was on your first day of retirement. For example, Morningstar ran simulations on a $1 million portfolio over 30 years using the 4% rule. That’s because the rule is based on a very high probability that you never exhaust your nest egg. “It’s not just about getting employees to retirement but (helping them figure out) what to do once they’re in retirement,” Williams said.

Persons: you’d, William Bengen, Morningstar, ” Christine Benz, ”, Rob Williams, Charles Schwab, Williams, It’s, Mark Warshawsky, Warshawsky, Craig Copeland, “ It’s, ” Williams Organizations: CNN, Social Security, Social Security Administration, Social, American Enterprise Institute, American Council for, Research

☆ How to invest $500,000 for the year ahead, according to 2 wealth managers
▼ + stars: | 2024-11-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors. CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio. Clark expects the growth in artificial intelligence to lead to another year of bumper returns. Investors with portfolios already geared toward a traditional 60/40 stock-bond portfolio mix can expect some, if limited, relief in the future, according to Clark. The Morningstar Wealth portfolio manager said investors could gain exposure to such companies through the Franklin FTSE South Korea ETF .

Persons: Ollie Clark, Mark Preskett, Clark, Donald Trump, Morningstar, Preskett, WH Ireland's Clark Organizations: CNBC, WH Ireland, Morningstar Wealth, Clark, Federal Reserve, Trump, South, SK Hynix, Samsung, Franklin FTSE, Metals Mining, HG Locations: U.S, South Korea, Franklin FTSE South Korea

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Why 'Real Housewives' maker Bravo is the only cable TV network that Comcast doesn't want to get rid of
▼ + stars: | 2024-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.

Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Comcast is getting rid of most of its cable channels
▼ + stars: | 2024-11-20 | by ( Kelsey Vlamis | Lucia Moses | ) www.businessinsider.com time to read: +2 min

AdvertisementComcast plans to spin off some NBCUniversal cable channels. Comcast said it was exploring spinning off its cable networks late last month, with BI's Peter Kafka writing that the move served as yet another signal of cable TV's decline. Analysts said Comcast could increase its valuation by selling its cable networks, though they were unsure if it would actually work out, BI previously reported. Disney CEO Bob Iger in the past floated the idea of selling Disney's TV and cable channels. NBCU's various TV channels are tightly integrated, sharing back office functions and talent that would have to be untangled, for one.

Persons: Peacock, Mark Lazarus, BI's Peter Kafka, Mike Cavanagh, Michael Hodel, Morningstar, Bob Iger Organizations: Comcast, MSNBC, CNBC, NBC, Bravo, Syfy, Golf, Wall Street, Business Insider, Analysts, Disney Locations: USA

☆ Baron small-cap funds have beaten the market for decades. These are their picks in AI, data & sports
▼ + stars: | 2024-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.

Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York

☆ Bitcoin has smashed records. Should you invest?
▼ + stars: | 2024-11-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

CNN —In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. But in the past few years, education about crypto assets has been made more available to professionals. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.

Persons: bitcoin, Donald Trump’s, Michael Saylor, ”, Paul Brahim, Satoshi Nakamoto —, it’s, “, Trent Porter, Mike Turi, don’t, ” Turi, Matt, Elliott, Porter, Trump, you’ll, they’ve, ” Porter Organizations: CNN, Securities and Exchange Commission, CNBC, Financial, Association, SEC, Morningstar Locations: bitcoin, Bitcoin, United States

☆ Gen Z, millennial retail investors are tapping into ETFs, report finds. Here are things to watch out for, expert say
▼ + stars: | 2024-11-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

The survey polled 2,000 U.S. retail ETF investors in March. "The continued growth of retail investors investing in ETFs is certainly not going away," she said. watch nowMeanwhile, associated fees with ETFs tend to be much lower compared to mutual funds and other index funds. Index ETFs have a 0.44% average annual fee, half the 0.88% fee for index mutual funds, according to Morningstar. Similarly, active ETFs carry a 0.63% average fee, versus 1.02% for actively managed mutual funds, Morningstar data shows.

Persons: Oscar Wong, John Healy, Healy, He's, Young, Zers, Gen, Alison Hennessy, Hennessy, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas Organizations: Nasdaq, millennials, Morningstar Locations: New York City, U.S, Orlando , Florida

☆ Morningstar names cheap stocks in a sector that 'deserves a place in everybody's portfolio'
▼ + stars: | 2024-11-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Top Morningstar strategist David Sekera says there's one sector that "deserves a place in everybody's portfolio" right now — the energy sector. Stocks Sekara is betting on within the energy theme include Exxon Mobil and Devon Energy . Morningstar has a four-star rating on Devon Energy and says it is trading at a 22% discount to fair value. The investment research company gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. Sekera says that U.S. stocks are now trading around 6% higher than their fair value.

Persons: David Sekera, George Bull, Sander Morris, Aaron Dunn, Donald Trump's, Morningstar, Trump, Sekera, Sekara Organizations: Morgan, Value, Exxon Mobil, Devon Energy, Exxon Mobile, U.S, Trump, U.S . Federal Reserve Locations: U.S, Morgan Stanley's

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

☆ The 60/40 portfolio is back. Here’s what experts think could happen next
▼ + stars: | 2024-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The global 60/40 strategy has seen a 27% cumulative return since 2022 through Oct. 31, according to Vanguard data. Traditionally, stocks and bonds move in opposite directions, which helps lower the volatility of this traditional portfolio. But that didn't work in 2022, when stocks and bonds both suffered and the 60/40 tanked, which had many declaring the strategy dead. The 60/40 portfolio tends to be shorthand for a balanced, diversified portfolio, with specific allocations based on investors' individual needs. For instance, Morningstar's index that reflects a 60/40 portfolio is up about 15% year to date.

Persons: Todd Schlanger, it's, Dan Lefkovitz, Morningstar, Lefkovitz, doesn't, Amy Arnott, Price, Jared Woodard, Woodard, Morningstar's, Vanguard's Schlanger, Schlanger, … Organizations: Vanguard, Morningstar, Commodities, Bank of America, Fund, Bloomberg U.S, U.S .

☆ These mutual funds are about to drop a tax surprise in investors’ portfolios. How to prepare
▼ + stars: | 2024-11-14 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. See below for a few funds that are expected to spin out double-digit capital gains distributions this year, per Morningstar. If your losses exceed your capital gains, you can also apply up to $3,000 of them toward ordinary income on your federal return.

Persons: Morgan, Stephen Welch, Welch Organizations: Institutional Fund

☆ Burberry launches urgent turnaround plan to save the brand
▼ + stars: | 2024-11-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

AdvertisementBurberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct." The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results. Things have gone from bad to worse at Burberry, the beleaguered British luxury brand. Dubbing the strategic shift "Burberry Forward," the market has responded positively, with shares rising 14% in early trading on Thursday. Cara Delevigne is a longtime Burberry brand ambassador and stars in one of its new campaigns.

Persons: Joshua Schulman, Burberry, Schulman, Jelena Sokolova, I've, Louis Vuitton, Cara Delevigne, Lexie Moreland, Barry Keoghan, Jonathan Akeroyd Organizations: Burberry, Morningstar, Getty, British, Moncler Locations: British, WWD, China

☆ Apple's future product lineup is starting to come into focus
▼ + stars: | 2024-11-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple is exploring new headsets and smart-home devices to expand its lineup. Its plans don't always work out; it scrapped a car project and faces weak demand for the Vision Pro. The company in February scrapped plans for a car, and its $3,500 Vision Pro has gotten mixed reviews in the months since its release. Bloomberg on Tuesday reported on a wall-mounted smart-home tablet in Apple's production lineup that could operate home appliances, use Apple Intelligence, and access Apple apps. AdvertisementThe report said the project, code-named J490, could come as early as March, a month before new Apple Intelligence features are expected to roll out.

Persons: —, Mark Gurman, Ming, Chi Kuo, Apple's, Gurman, Apple, EMARKETER, Kuo, Meta, William Kerwin, Tim Cook, who's Organizations: Apple, Vision, Service, Bloomberg, Apple Intelligence, Big Tech, Asset Management, Business Locations: Taiwan, Morningstar

☆ Britain's car finance industry is in crisis – with banks bracing for billions in payouts
▼ + stars: | 2024-11-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Mike Kemp | In Pictures | Getty ImagesBritain's motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country's costliest consumer banking scandal. The decision caught many in the motor finance industry off guard and appears to have paved the way for a multi-billion-pound redress scheme to compensate consumers. It urged motor finance groups to consider setting aside financial provisions to resolve the high volume of complaints. According to the banks, they followed the rules and guidelines set by the FCA, which are not aligned with the new Court of Appeal ruling," Kammer told CNBC via email. The FCA has said that it will await the outcome of a potential Supreme Court ruling before taking a decision on the matter," Kammer said.

Persons: Mike Kemp, Banks, Niklas Kammer, Kammer, Benjamin Toms, Toms, John Keeble Organizations: Royal Exchange, City of, Appeal, Authority, FCA, Morningstar, Lloyds, Horse, Barclays, Lloyds Banking, Bloomberg, Getty, of, CNBC, PPI, RBC Capital Markets, Taxis, Fenchurch, Station Locations: City, City of London, London, United Kingdom, U.K

☆ Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.
▼ + stars: | 2024-11-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Wood's effort to do something similar for venture capital has delivered investments in many of Silicon Valley's hottest deals. SpaceX, founded by Elon Musk, is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets. SpaceX is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets, worth around $9 million. OpenAI makes up just 5% of the Ark Venture Fund's portfolio, which means it has less than $4 million invested. AdvertisementArk Venture Fund charges a flat fee for investing assets under its control, the same as a venture fund.

Persons: Cathie Wood, Brett Winton, Wood, Andreessen Horowitz, Jeff Bezos, Elon Musk, David McNew, Winton, it's, Ark, OpenAI, Donald Trump's, Morningstar, that'll Organizations: Ark Venture Fund, Ark, Investors, Ark Invest, Elon, SpaceX, Ark Venture, Epic Games, Venture Fund Locations: Sequoia

☆ This fund has outperformed the S&P 500 over the past 5 years. Here's how
▼ + stars: | 2024-11-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.

Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, —, It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX

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