Top-performing fund manager who takes big risks says stay invested in US stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

This top-performing fund manager who takes big risks reveals where she's betting next.

, among others. These three stocks are all outperforming the S&P 500 this year, gaining 19.8%, 35.3% and 17.5%, respectively.

"It's one of the best-performing funds in the category, but it's also one of the most risky. In cases of market drawdowns, this fund is likely to underperform peers," said Thomas Lancereau, an analyst at Morningstar. "In 2008, for instance, the fund lost 45%."Patel said investors should remain overweight U.S. assets relative to the rest of the world, noting looser-than-expected monetary policy from the Federal Reserve will keep driving corporate earnings higher.

"I was actually shocked when they raised rates in December," Patel said. "Then you saw what the market did."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Capitalists use corrupt politicians and a police state to enforce slave labor and suppression of organizing by consumers and workers. Makes it easy for the born wealthy to become wealthier for doing nothing to earn it. Capitalism Enjoy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Massive Saudi wealth fund zeros in on China, but US remains its top investment targetThe Saudi Public Investment Fund (PIF) is one of the Middle East's largest, with some $300 billion in assets under management and an aim to increase that to $2 trillion by 2030. HamoudRumayan حي والله هالعين...
Source: CNBC - 🏆 12. / 72 Read more »