Manager of the Skandia American fund Darrell Riley feels the time is right for a move out of the bet...
Manager of the Skandia American fund Darrell Riley feels the time is right for a move out of the better-performing, lower-quality stocks into large-cap, higher-quality companies. Senior US equity strategist at T Rowe Price Global Investor Services, Riley said over the 12 months to 31 March 2004, high-quality firms delivered 26% growth, while those defined as low quality achieved a more impressive 81% amid the recovery in equities. Low-quality companies tend to be regarded by T Rowe Price as trades, rather than investments, being inherently risky, while their higher-quality counterparts ...
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