Mairs & Power Balanced Inv (MAPOX)
Nasdaq - Nasdaq Delayed Price. Currency in USD
- Barrons.com•9 days ago
Balanced funds are the Buicks of the auto industry, says Ron Kaliebe, lead manager of the Mairs & Power Balanced fund. The $805 million fund is off to the races this year, returning 10.7% so far in 2016, solidly ahead of the 8.4% return for Morningstar’s Moderate Target Risk index, which tracks a 60/40 blend of equities and bonds. Mairs & Power Balanced (MAPOX) has stayed under the radar despite its strong track record, having beaten 95% of its moderate-allocation peers over five and 10 years.