TIME Magazine
December 7, 2009
Portfolio manager, Mark Oelschlager, is interviewed for an article in the online edition of TIME Magazine. ("Many Mutual Funds Are Up 50% in '09 -- But Beware," by Janet Morrissey).
Click here to read full article, or see an excerpt below.
On the positive side, S&P named the Pin Oak Aggressive Stock fund as an example of a fund that performed strongly in 2009 and remains a good bet for 2010. The 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 pay off next year as well."
Mutual fund investing involves risk including loss of principal. There is no assurance that a fund will meet its stated objective.
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