Fund Times

2 Top Managers on Secular Change and the Market

Susan Dziubinski

A recurring theme at the conference was: Will value investing ever rebound? Is a reversion to the mean forthcoming or has the market fundamentally changed during the past decade?

Morningstar's director of equity strategies Katie Reichart posed those questions--and many others--to two fund managers who've proved adept at valuing companies relative to their growth prospects: Giroux, who manages Gold-rated  T. Rowe Price Capital Appreciation (PRWCX), and Hynes, who leads Gold-rated  Vanguard Health Care (VGHCX)

Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.