In the Margins

SunAmerica PM beats stock-picking rvals

July 1, 2016

By Bloomberg

SunAmerica's Timothy Pettee is beating his stock-picking rivals without actually spending a lot of time picking stocks. Pettee, who runs the $11.5 billion SunAmerica Focused Dividend Strategy Portfolio, selects 30 stocks only once a year using a quantitative model. The mutual fund has returned 9.7% a year on average over the past decade, the best performance among more than 260 U.S. large-cap value funds, according to data compiled by Bloomberg. Read the original story from Bloomberg.

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...