A Large-Cap Growth Strategy Focused on Capital Appreciation: A Wall Street Transcript Interview with Jon M. Burnham, Chairman and Chief Executive Officer of Burnham Asset Management

Wall Street Transcript

67 WALL STREET, New York - February 19, 2014 - The Wall Street Transcript has just published its current Investing Strategies Report offering a timely and detailed market moving information to serious investors and industry executives. This special feature contains expert industry commentary through 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: Investing Strategies - Portfolio Managers - Small Cap Investing - Upside in Small-Cap Stocks - Bottom-Up Stock Selection - Lowered Risk - Large-Cap Growth - Capital Appreciation

Companies include: Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Regeneron Pharmaceuticals Inc. (REGN), Intuitive Surgical, Inc. (ISRG), Chipotle Mexican Grill, Inc. (CMG), McDonald's Corp. (MCD), Chicago Bridge & Iron Company (CBI), Google Inc. (GOOG), Merck & Co. Inc. (MRK), Starbucks Corp. (SBUX) and many others.

In the following excerpt from the Investing Strategies Report, an experienced portfolio manager discusses his investment methodology and top picks for investors:

TWST: Could you please begin with a brief history and overview of your firm and the funds you manage, with a focus on the Burnham Fund?

Mr. Burnham: I'm Chairman of Burnham Financial Group and Chairman of Burnham Investors Trust, which is our mutual fund family. I'm also the Portfolio Manager for the Burnham Fund. We have three funds; the Burnham Fund is one of the three funds.

Our present firm was started in September of 1989. We are a money management firm, and we're also in the investment banking business. On the mutual fund side, the Burnham Fund is our flagship fund. It was started back around 1975 and was managed until 1995 by my father, I.W. Burnham II. I have managed it since then with the assistance of my daughter Debra Burnham Hyman and our trader Ron Geffen.

TWST: What is the Burnham Fund's underlying investment philosophy? Can you give us some example of how the guiding principles work when evaluating a company that you're thinking of including in the portfolio?

Mr. Burnham: The fund's investment objective is capital appreciation with income as a secondary objective. Presently we are categorized by Morningstar as large-cap growth, sometimes large-cap blend fund. But I look at the fund as a large-cap growth fund. We seek growth at a reasonable price so sometimes it looks like value. We have primarily very large companies in this fund.

TWST: Can you give a specific example of a stock in the portfolio that exemplifies your valuation techniques?

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.

View Comments (0)