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Rating:FPA's Romick Likes Farms, Oil Stocks Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 06, 2010

FPA's Romick Likes Farms, Oil Stocks

News summary by MFWire's editors

Mutual fund PMs are not finding a lot of stocks to love, reports the Associated Press based on its reporter's take on the Morningstar Investor Conference two weeks ago. Steve Romick, portfolio manager of the $3.4 billion FPA Cresent Fund (FPACX) has the quote of the article:

"Right now the economy is so jacked up on drugs that you just don't know what's going on," says Romick, referring to all of the government stimulus in the economy. Romick is investing in "blacklisted" foreign oil stocks. Romick also likes farmland, something his fund is working with consultants on ways to invest in.

The AP also features Franklin Mutual Global Discovery Fund (TEDIX) portfolio manager Philippe Brugere-Trelat, who says he likes European industrial stocks. 

Edited by: Sean Hanna, Editor in Chief

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