Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: Like the fabled tortoise, managers of the $5.6 billion ClearBridge Appreciation Fund (SHAPX) outperform with a steady hand.
“The managers are cautious and patient,” says Morningstar Inc. analyst Andrew Daniels. The fund’s goal is to modestly beat the S&P 500 index, but with significantly less risk, “so you might expect it to lag in strong bull markets,” but it should continue to deliver during a full market cycle, he says. Regards, Ted http://www.wsj.com/articles/this-fund-is-as-far-from-vegas-as-they-come-1465178401
