Eight years into a bull market, many commentators believe a bear market is coming, but no one is certain exactly when. In the interim, some have noted signs of change in the environment for active and passive managers.
Co-Portfolio Manager Ed Meigs discusses the Global Income Builder strategy, the importance of flexibility in the search for income and the team's unwavering focus on seeking downside protection.
While the gold price has been volatile over the last year, it has remained above the lows reached in 2015. In this brief commentary, Portfolio Manager Thomas Kertsos and Research Analyst Max Belmont offer their insights into current trends.
To mark the Fund's 30-year anniversary on April 10th, Harold Levy recalls the creation of the the Fund of America strategy, reflects on what's changed over 30 years and reaffirms his commitment to providing prudent stewardship of shareholders' assets.
We think the alternative to benchmark-oriented investing is active value management that's oriented to absolute - not relative - returns.