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Avoiding Sector Bets

Legg Mason's Randy Befumo points to how staying clear of significant industry weightings allows his fund to control for volatility.

Mentioned:

Bridget Hughes: Hi, I'm Bridget Hughes. I'm an analyst here at Morningstar. I'm here today with Randy Befumo, who is the director of research at Legg Mason Capital Management and is also one of the portfolio managers on the Legg Mason Capital Management Disciplined Equity Research fund.

Thanks for coming in, Randy.

Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.