Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Franklin Stockpicking Duo's Strategy is Paying Off, Says WSJ Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 08, 2009

A Franklin Stockpicking Duo's Strategy is Paying Off, Says WSJ

by: Armie Margaret Lee

In Wednesday's Wall Street Journal Fund Track column, Jennifer Hoyt puts the spotlight on Anne Gudefin and Charles Lahr, co-managers of Franklin Templeton's $11 billion Mutual Discovery Fund. The fund's cash levels ballooned from 5 percent in early 2007 to the mid-40s at present, an all-time high for the fund.

"Extraordinary times, extraordinary measures," Gudefin told Hoyt.

There have been temptations to make use of the cash over the past 18 months, Gudefin said, but she and Lahr didn't think the values were right.

The strategy has paid off, as the fund is in the unique position of having lots of cash amid the credit crisis.

The fund is down 1.8 percent year-to-date, compared with an 8.7 percent drop in its benchmark Morgan Stanley Capital International Europe, Australia and Far East index. The index fell 43.4 percent last year, while the fund was down 26.7 percent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use