Jan 14, 2013|
Stock Talk - Kathryn Spica, Morningstar
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
Welcome back the financial exchange just not a filling in for Barry Armstrong alongside June night and we are joined now. By Catherine speak up from Morningstar and Catherine how are you this morning. Doing pretty well so I know we've got a few funds that you wanna talk about so we'll dig right into the first one now. And this is the mayors and power growth fund and tell us a little bit about this one what do they really invest in and who might this be appropriate for. Sure interesting on the managers are based in common as -- that they have. At home I asked about half the stock portfolio -- Between city -- That's not to say that they're at it right that are in power Minnesota they had global companies like Rihanna target. But they like investing have Ingrid and get on the -- to that includes a lot of local company as. It's an -- 1 of our morning army actors of the year were that the all the while etiquette heck -- talk about it until we -- Rewarded the funds for giving it really great -- that he doesn't the -- having really strong on corporate it a result. And this type of fund. In terms of how it fits into someone's portfolio where do you see this really fitting is it is an -- core position is maybe a satellite position where you see this. For the average investor. -- I don't think that'd be anchor for only -- it in the arts by category it I'd kinda expand. Not large cap companies that value to growth. -- -- -- kind of global company. There couldn't anchor diversified portfolio. All right that is again for those of you listening right now that is the mayors and power growth fund and if you want the ticker on that the ticker is MPG. FX MPG. FX Katherine. Talking now about this next position here this is the divert this emerging markets opportunities fund. This is a little different position from the from the first one that we talked about. Right and both are kind of unconventional -- more domestic market but that -- look at art market. And it doesn't really cute and Smart about the -- -- -- in the benchmark it got a very like -- number 27%. Even India. Which would -- help in 2012 but also. And what about that allotment land and it acts more public and shows. He -- the managers his ability to pick and currently on the issues that -- good. Now would you view this as kind of a standalone holding for emerging markets or would you mix this with a couple different ones just to get a out a total picture of all the different places in the world you can invest in that sector. Only -- -- your region but yeah it could be a good. Emerging markets holding with. And emerging markets and you wanna make it at dot net addition airport authority and it definitely department -- according to apple and not a diversified holdings. All right that was the bird is emerging markets opportunities fund and as the ticker HEM. ZX. HE EM. Z acts in the last one here on the list are moving into the fixed income sector. Looking at the Pimco investment grade corporate bond tells a little bit about this -- and obviously most folks are familiar with Pimco but maybe now with this fund. I can look at it. -- -- to -- -- and return to anarchy. You know really up and coming and I completely. Out that kind of getting it didn't. He can unit and cut it at that record is it really cut it out says. It focuses on investment grade corporate -- So in a little bit more. Each holding. You want to make it here. Earlier court Ott holding back or that mark grant and getting ill and that -- that it -- combined on the a look at. All right that is the Pimco investment grade corporate bond with the ticker. PB DAX and Catherine -- thank you for up for coming on with us this morning. Appreciate the insight into those three phones. All right that was -- speak up from Morningstar and again if you are interest did. In taking a closer look at those three funds just to recap. All three of them. The mayor's power and the mayors and power growth fund with the ticker MPG FX the bird is emerging markets opportunities fund. With the ticker HEM. ZX and lastly the Pimco investment grade corporate bond fund with a ticker PB. DAX. And -- a lot of responses on our text line from our tax question of the day at 68680. Talking about when folks will be retiring from the 774 will be collecting Social Security as soon as possible because I away. It'll be gone and a yeah Johnny let me tell he's there right -- -- -- that I am never collecting Social Security now now because I don't want to. You know what I -- I won't be that I feel that you guys in and day due to all you real danger I'm happy to pay my -- social secure this is what I mean you're actually putting into a system that you probably won't see anything -- -- I'm paying for my parents benefits -- some -- -- -- -- -- I don't I don't know how I feel about that. We're gonna have to have a long talk after this C maybe -- while data or data that the alternative is that you can just like drop dead between now and -- time fifty like if they do want to personally I don't like that now I'd like to make it to at least 53. Now that's always been a goal in the new year and finance eating -- up with some kind of a plan to figure out how you gonna do this in your old age. We have another one from -- from the 978 I'm 51 years old. Would like to retire tomorrow -- date trading -- have a hobby that will keep me glued to the computer all day. That's it you know that's something he can do when you get older as well recently -- to get up and run around I would retire I don't wanna be stuck inside the computer that's just not. Really how -- what do you can't get up and what if you've got you know bad knees are bad hips or something and I'll say the same thing that your dad said. Just shoot me -- just shoot me take me at the pastor put me somewhere nice and have a nice view and then put my lights.