Magellan Financial Group Australia | Boutique Investment Funds (Global Fund, Infrastructure Fund & Flagship Fund) Management
News & Events - Articles of Interest
Quality Counts. Barrons, 17 August 2009
This time, the cream isn’t rising to the top. The historic rally that has lifted the Standard & Poor’s 500 index by 50% from its March lows has been led by economically sensitive and lower-quality stocks, including such sectors as financials, basic materials, retailers and industrials. By contrast, high-quality stocks like Abbott Laboratories (ticker: ABT), ExxonMobil (XOM) and Procter & Gamble (PG) generally have lagged, with many showing outright losses so far this year…