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A Hated Wall Street Strategy Helps 88-Year-Old Fund Beat Market: (EHSTX)
FYI: At least one investor is winning with Wall Street’s worst-performing trade.
While cheaper stocks have underperformed in the last decade, Eaton Vance Management’s 88-year-old Large-Cap Value Fund, one of the oldest U.S. mutual funds, is beating the market and peers this year in defiance of the overall trend. Value can be a winner if you look at the right metrics, according to Edward J. Perkin, the chief equity investment officer who oversees $45 billion at the Boston-based firm. Regards, Ted https://www.fa-mag.com/news/a-hated-wall-street-strategy-helps-88-year-old-fund-beat-market-45004.html?print
