Funds to watch – AUM
Fidelity America is managed by Angel Agudo. His investment process seeks out significantly undervalued companies with skewed risk/reward profiles. Typically, these companies would have gone through periods of underperformance with little value ascribed to their recovery potential, which results in a strong relative upside and limited downside potential, in the manager’s view. Morningstar rates this fund Neutral.
Robeco US Premium Equities has been managed by Duilio Ramallo since 2005. Robeco’s US asset manager, Boston Partners, is a well known value house, which was acquired by the Dutch firm in 2002. Boston Partners retained its investment autonomy and has continued to use the bottom-up approach of investing in companies that are undervalued and which score well on the three pillars of the process: valuation, fundamental factors and catalyst for change. The fund is rated Silver by Morningstar.
Legg Mason ClearBridge US Aggressive Growth is managed by veteran investors Richie Freeman and Evan Bauman, who target dynamic companies with high growth rates. The process is bottom-up, with almost no attention paid to the sector weights of the fund’s benchmark, the Russell 3000 Growth index. Individual positions can also be large and out of sync with the index. The fund is rated Silver by Morningstar.
