Beware of Rising Valuations
Even in a lofty market, these funds' price multiples stand out.
This article was originally published in the October 2017 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor here.
The current bull market is the second longest in history, and the S&P 500 advanced 18.7% annually from March 9, 2009, through October 2017. Plus, mid- and large-cap major growth indexes gained about 1.4 percentage points more than the S&P 500, annualized, from March 2009 through October 2017.
Gretchen Rupp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.