MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 24, 2012 Helmet On, Principal Funds' Cuniff Rides to Barron's Jill Cuniff — a PM for a firm that subadvises mutual funds for Principal [profile] with a penchent for motorcycles — stepped off her Suzuki S50 to talk with Barron's about the sectors that she considers profitable despite the slowdown in the global economy. Cuniff, president of Edge Asset Management, oversees mainly investment strategy for the firm, which subadvises the $3.9 billion Principal Equity Income Fund, among others. Her reveal is how motorcycles relate to PMing a mutual fund: Riding a motorcycle can have a lot of risk and it can have a little bit of risk. I did what I needed to do to learn how to ride a motorcycle safely and carefully: I always wear my helmet and the appropriate gear, and take steps to reduce risk, and it's how we manage money as well.That said, she is not going full-throttle on financials. She tells the investment paper that she is "underweight in financials, but we're less underweight than we used to be." She also confides that she has an eye on the slowdown in China and the possible impact it has on US. Printed from: MFWire.com/story.asp?s=40732 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |