It was a good move considering some of the biggest US banks experienced their most profitable year. The fund bet on the financial sector, which made up about a quarter (26.4%) of its portfolio. Morningstar says it's brought in a 20.1% annual return over the past three years and that 2020 was its best year since 2013. A combination of demand resurgence and robust stimulus have led to unprecedented levels of consumer spending.Įdwards and Mueller have run the fund since March 2015, and after some sluggish performance, it's been on a good run for the past three years. Inflation soared to near-40-year highs this year, providing upward pressure on interest rates. Stocks in sectors like financials, energy, and consumer discretionary have done particularly well in a macroeconomic environment favorable for them. Just look at how often the word "value" pops up in the names of the funds below. Growth names have gotten rocked, while value stocks have outperformed. We detail the strategies of five top funds and what their managers are betting on for more gains.Īs Insider's investing team compiled the list of the best fund managers of 2020 last year, those with a very different kind of approach from the names below were taking a victory lap.Īs the world stayed at home, 2020 was the year of high-flying growth funds, with investors like Cathie Wood, Ron Baron, Dennis Lynch, and Nancy Zevenbergen returning the most among their peers.Ģ021 has looked different amid a vaccine rollout and the economic reopening.The top-performing fund managers picked winners in turnaround sectors like energy and financials.After a big year for flashy growth stocks, value stocks started 2021 with strong outperformance.
0 kommentar(er)
