Die besten Nordamerika Aktienfonds - Seite 3

Eric McLaughlin, Senior Investment Specialist, "Fortis L Equity Growth USA Cap" (06.08.2010): "Over the long term, policymakers still have a difficult job to do as they work to unwind the massive amount of stimulus that had been injected into the system without causing either inflation issues or renewed deflation threats. In July, inflation pressures remained subdued as the Consumer Price Index (+1.1% YoY) rose at the slowest pace since October 2009 and core CPI (+0.9% YoY) rose at the slowest pace since March 1961. Producer prices were also muted as the Producer Price Index (+2.8% YoY) rose at the slowest pace since November 2009. In addition, the Federal Reserve reiterated two weeks ago that it is prepared to take action if needed to ensure the US economy does not slide into a period of sustained deflation. It is our expectation that we will continue to experience low inflation as the modest recovery continues on."

e-fundresearch: "Which over- and underweight positions are currently implemented in your U.S. equity positions?"

Eric McLaughlin, Senior Investment Specialist, "Fortis L Equity Growth USA Cap" (06.08.2010): "The strategy is designed to be sector neutral when compared to the Russell 1000 Growth in order to allow our stock selection results to drive our results. You will see our conviction displayed at the stock level. Our top overweight positions include Oracle Corp., Tyco International, EMC Corp., Dollar Tree Stores and Amgen. Top underweight positions include Cisco systems, Google, Exxon Mobil and IBM."

John Eisinger, Fondsmanager des "Janus US All Cap Growth A USD Acc" (06.08.2010): "We are currently underweight consumer, energy and industrials and overweight financials, healthcare, technology and telecom."

e-fundresearch: "Which company specific fundamental factors are you focusing on currently?"

John Eisinger, Fondsmanager des "Janus US All Cap Growth A USD Acc" (06.08.2010): "We seek to invest in mispriced companies across the market cap spectrum that are executing on a strategy to improve economic profit margin. Our ability to add value—to deliver returns over those of the Fund’s benchmark index—is predicated on having a different view of the value of a company which is based on that company’s ability to generate cash flow over the long term. An important metric that we focus on is return on invested capital (ROIC), a measure of how effectively a company uses the capital invested in its operations.