Are Equity Managers Ready for Inflation?
How highly-rated active managers are positioning their portfolios today.
Inflation fears are increasing, even among managers who invest in stocks, which have historically been a good long-term bet to rise faster than the cost of living. While some active equity managers Morningstar analysts interviewed remain sanguine, others are reducing cash stakes, adjusting their present value assumptions for future earnings, and prioritizing businesses with pricing power.
Alec Lucas has a position in the following securities mentioned above: OAKLX. Find out about Morningstar’s editorial policies.