67 WALL STREET, New York - May 13, 2014 - The Wall Street Transcript has just published its Investing Strategies Report offering timely interviews with professional portfolio managers for serious investors. This special feature contains thorough, in-depth interviews with highly experienced Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Cyclical Sectors, Exposure to Emerging Markets - Value Oriented Strategy - High-Quality Companies - Dividend-Paying Stocks - Capital Appreciation - Global Macro Trends - Investment Risk Management Strategies - Long-Term Investing
Companies include: Sears Holdings Corporation (SHLD), Pepsico, Inc. (PEP), Procter & Gamble Co. (PG), CR Bard Inc. (BCR), Sysco Corp. (SYY), CBS Corporation (CBS), Cisco Systems, Inc. (CSCO), Microsoft Corporation (MSFT), Oracle Corp. (ORCL), Intel Corporation (INTC), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), The Coca-Cola Company (KO) and many others.
In the following excerpt from the Investing Strategies Report, an experienced, professional portfolio manager discusses his investing methodology and current top picks:
TWST: Can we please begin with an overview of the funds that you manage?
Mr. Yacktman: The main funds that we manage are AMG Yacktman Focused Fund, AMG Yacktman Fund and Heptagon Yacktman U.S. Equity Fund, a UCITS fund.
TWST: And how do the funds differ in terms of their assets under management and investment objectives?
Mr. Yacktman: Assets at the end of the most recent quarter were in excess of $11 billion for AMG Yacktman Focused Fund and $13 billion for AMG Yacktman Fund. Heptagon Yacktman U.S. Equity Fund had nearly $2 billion in AUM as well.
The investment objectives are similar across the funds, but AMG Focused Fund allows for greater flexibility in portfolio construction, including the ability to concentrate more in our top ideas. This concentration allows us to size positions in a more optimal way, including the ability to buy more as a position falls, without running into diversification restrictions.
TWST: How many companies do you own in the Focused Fund compared to your two other funds?
Mr. Yacktman: As of the end of the first quarter, AMG Yacktman Focused Fund had 38 positions, while AMG Yacktman Fund had 44 positions. However, the number of positions is not always the best indication of concentration. The AMG Yacktman Focused Fund ends up with a significantly greater percentage of total assets in its largest positions, hence the "Focused" name.
TWST: You reported assets under management that grew to over $24 billion last year. How does that break down among your funds? And how do the performances of the three funds compare?
Mr. Yacktman: The assets under management are approximately $30 billion...
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.