Word: long
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Dates: during 2000-2009
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...funds on overall attractiveness. "These funds have relatively weak fundamentals that contribute negatively to the ranking," S&P's analysts note in their report. The reasons cited for such low star rankings: many own overvalued or risky stocks, have managers with short tenures, have high costs or offer poor long-term performance...
However, Stan Majcher, principal and portfolio manager of the Hotchkis & Wiley Mid-Cap Value Fund, disagrees. Majcher noted that his fund has a strong long-term performance record, as Morningstar currently ranks it the third best performing mid-cap fund when it comes to annualized returns over the past 10 years, with an annualized return of 10.85%. He acknowledges the fund underperformed in 2007 and 2008, but doesn't think these periods should be considered in isolation. (Read about the financial crisis after one year...
...fund is up 71% so far in 2009 and "scored positively on S&P Fair Value and for its low-cost factors-components in the S&P fund ranking." The fund's portfolio manager, Mark Oelschlager, says his fund always seeks out stocks based on valuation and long-term investment. His fund started moving into cyclical stocks and increasing risk late last year at a time when "fear was rampant" in the market because "it was mispriced," he says. "We pay a lot of attention to valuation," adds Oelschlager. "This paid off this year and we think it will...
Skeptics of global warming, who have long considered climate change a fraud, refer to the incident as "Climategate," with obvious intimations of scandal and cover-up. Advocates of action on warming call it "Swifthack," a reference to the 2004 character attacks on presidential candidate Senator John Kerry by the group then known as Swift Boat Veterans for Truth - in other words, an invented scandal propagated by conservatives and the media that does nothing to change the scientific case for climate change. (See TIME's special report on the environment...
...Tasters sampled a range of chocolates made by Cadbury, Hershey's, Kraft, Nestlé and Ferrero and were then asked to pick a winner in each of four categories. The candies were also put through a separate test to measure how much they might stick together when transported for long distances in my pocket, conditions accurately recreated by placing the chocolates under a desk lamp for a few hours. It was important to ensure that everyone received the same-sized portion of each chocolate, a rule I altered only after people left my office feeling sick. (See a video...