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How A $60 Billion Fund With Four-Decade Alpha Prepares For Trump: American New Perspective Fund
FYI: The New Perspective Fund, which picks companies set to benefit from changing patterns in global trade, has cut cash levels close to the lowest in two decades, said David Polak, an investment director at the $1.4 trillion money manager. The fund’s seven stock pickers stayed calm even after some top holdings, such as Amazon.com Inc., extended declines in a rising market, deciding to wait to see if the selloff in technology stocks and other trends after Trump’s election would stick. Regards, Ted https://www.bloomberg.com/news/articles/2016-11-29/how-a-60-billion-fund-with-four-decade-alpha-prepares-for-trump
