It’s by design that companies in Matthew McLennan’s portfolios aren’t exactly those that set investors’ hearts racing with excitement. “We’re happy to own businesses with what we consider a gradual positive drift to them,” he says. In this article, Matthew McLennan and Kimball Brooker describe how they assess “fade risk” in a number of industries, what makes them uneasy about the state of the world today, why their exposure to gold is higher than normal, and why they see mispriced value in Fanuc, Orkla, Schlumberger, Jardine Matheson and Weyerhaeuser.
News
Jan 03, 2019
Matt McLennan on WealthTrack
Watch Matt McLennan alongside Evercore ISI's, Ed Hyman, as they discuss what has changed over the last year and what that means for the U.S. economy and markets.
Dec 06, 2018
Barron's | A Top Manager Sees a Stock Market Rally Nearing Its End
What should investors do to prepare for 2019? Curb their enthusiasm, for one. With threats ranging from increasing debt to tightening fiscal policy, McLennan believes investors should be "realistic" rather than "too optimistic" about the coming year. That said, volatility can be an opportunity to buy solid stocks at reduced prices, he notes. McLennan looks for companies that have "resilience" across their business, from corporate culture to balance sheets. Read on for his picks.
Sep 21, 2018
Matt McLennan on Bloomberg TV
"We go wherever we can find what we believe are good businesses with a "margin of safety" and price. And the U.S. does not have a monopoly on great businesses.
Jun 26, 2018
Matthew McLennan on Bloomberg Markets
Market participants are on edge as investors weigh global trade disputes, political insurgency in Europe, of course, and diverging global central bank policy.
May 21, 2018
Advisor Perspectives | First Eagle Global Fund
Matt McLennan and Kimball Brooker, managers of First Eagle Global Fund (SGENX), recently spoke with Advisor Perspectives to discuss the Fund’s go-anywhere approach.
Apr 20, 2018
Matthew McLennan on Bloomberg Markets
The short term zigs and zags don't worry us as much. What worries us a little bit more is when we stand back and look at the market environment today, a lot of things have gone right.
Apr 10, 2018
Ticker.com | Income Builder through Value Investing
Valuation drives everything, according to Sean Slein and Kimball Brooker, portfolio managers of the First Eagle Global Income Builder Fund. Investing with a perceived “margin of safety” in equities and fixed income, the fund aims to provide both current and future income.
Apr 09, 2018
Investor's Business Daily | First Eagle High Yield Fund Among Top Bond Funds
First Eagle High Yield Fund named one of the top bond funds in IBD’s 2018 Best Mutual Fund Awards. Read the full article to learn more.
Nov 15, 2017
Matt McLennan on Business Insider
At First Eagle, we acknowledge that we don't have a crystal ball that lets us predict the next 12 months or 18 months with specificity.
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