Margaret Patel, manager of Wells Fargo Asset Management's Diversified Capital Builder fund, says her secret is a simple one.
, 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."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Noted banking analyst Mike Mayo warns State Street shareholders executive pay is too highWells Fargo's Mike Mayo says shareholders need to hold State Street's top executives accountable for weak results
Read more »
Occidental CEO explains why she will prevail in bidding war for sought-after oil driller AnadarkoOccidental Petroleum CEO Vicki Hollub says her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin.
Read more »
Facebook hired a top State Department lawyer to be its new general counselFacebook has a new top lawyer as it faces increasing risks of antitrust or legislative action.
Read more »
25 of the top ZIP codes where rich millennials are snapping up homes across the USWhere are rich millennials living? Many rich millennials own homes in the northeast, while others own homes out west.
Read more »
Trump’s top aide is trying to overhaul the West Wing snake pitActing chief of staff Mick Mulvaney wants to change the mood in a beleaguered West Wing.
Read more »
Popcorn and happy hours: How Trump's top aide hopes to boost White House moraleActing chief of staff Mick Mulvaney wants to change the mood in a beleaguered West Wing.
Read more »
Trump hits top Democratic presidential contendersTrump said Harris has a "nasty wit" and that O'Rourke was a "fluke."
Read more »
LeBron James, Lakers overtake Stephen Curry, Warriors as NBA's top merchandise sellersLeBron James and the Lakers overtook Stephen Curry and the Golden State Warriors as the best sellers of merchandise during the NBA's regular season.
Read more »