There are a lot of good companies outside the U.S. and it's good to have exposure to them, |
They have expertise and they want to bring that to the [mutual] fund world. They have experienced managers who have been with the organization for a long time. |
They've had a horrid third quarter. |
This year is interesting because we picked managers we've long thought of as top-notch stock or bond pickers, as well as superior stewards of capital. |
We have confidence in the team's ability because they have consistently outperformed as a Europe-only fund. |
We're also encouraged that Lyon and his team invest heavily in the shop's funds. |
When (McCall) came to Merrill, they were in dire need of adding growth funds to their lineup, ... There's no denying that he did really well at PBHG. If you go by that, you have a positive feeling. |
When (McCall) came to Merrill, they were in dire need of adding growth funds to their lineup. There's no denying that he did really well at PBHG. If you go by that, you have a positive feeling. |
You have to be able to stomach volatility, ... If you've held (the funds) for the long term, then you get rewarded. But not all shareholders have stayed around for the party. |