Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An American Century PM Looks for Quick Fixes Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 24, 2010

An American Century PM Looks for Quick Fixes

News summary by MFWire's editors

Fundsters looking for value bets and steady returns may want to check out today's Wall Street Journal Fund Track article, which profiles Kevin Toney, portfolio manager of American Century Mid Cap Value Fund [see profile].

Toney reportedly looks for companies with problems that aren't deal breakers. For example: the fund's portfolio includes Republic Services Inc., a waste-management company whose stock, down about 0.6% year-to-date, has struggled because of concerns about its recent merger with Allied Waste. He also likes cereral concern Kellogg Co., which had a June recall of some boxes of cereal that were emitting a nauseating smell related to a package liner.

Morningstar senior mutual fund analyst Gregg Wolper told the pub that investors can be content with the fund's smaller advances when the market rallies, given that losses during stock-market swoons are much less severe.

Year-to-date, the $1 billion fund is reportedly up 11.4 percent, outperforming the Standard & Poor's 500 stock index by two percentage points but underperforming its midcap-value category by about 3.2 points, according to Morningstar.  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use