67 WALL STREET, New York - May 21, 2013 - The Wall Street Transcript has just published its Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Investing in Financial Services - Long-Term Investing - Large Cap Investing - Value Investing - High Quality Companies - Bottom-up Investing - All-Cap Growth Investing - Investing in Emerging Markets
Companies include: GameStop Corp. (GME), Time Warner Inc. (TWX), Sinclair Broadcast Group Inc. (SBGI) and many more.
In the following excerpt from the Investing Strategies Report, an experienced portfolio manager discusses his asset allocation philosophy for investors:
TWST: What sectors or industries are you especially positive on right now or perhaps overweighting?
Mr. Brown: We're not top-down, so we're not pretending that we know what segments are doing the best. It's fairly mechanical. In fact, I often find that if you can explain why you're in a certain area, it's probably too late. Often, you'll read in a newspaper something like, "international is doing great," and as soon as you read that it's no longer doing great. Or, "gold is wonderful," but as soon as you read about it, it starts to go down.
As soon as you can understand why it is, it's probably too late. So I can tell you the sectors that we're involved in right now, but it doesn't necessarily tell you anything about what is coming down the road.
Domestically, we're in consumer staples, health care, strong dividends. Internationally, we've been in Japan for a while, international real estate, global telecommunications. And in emerging markets, we're in Malaysia and Indonesia. Domestically for the individual stocks, I've noticed that there is a lot of broadcasting and health care and stuff that's related to construction and homebuilding.
Again, we assemble bottom-up; it's not from any sort of prediction of what part of the economy is going to do well.
TWST: Would you give us a few examples of some favorite stocks right now?
Mr. Brown: We're in some gaming stocks, some retail - GameStop (GME), Time Warner (TWX), Sinclair Broadcast (SBGI).
TWST: What about each of those appeals to you?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
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