✉news BusinessMarkets first seen 4 h ago, last 14 min ago, peak #8
Top US Stock Fund Managers Turn Defensive Amid Higher Rates
Original: Higher Rates Have These Top US Stock Fund Managers Taking a More Defensive Stance
Morningstar reports that several top-performing US stock fund managers are shifting to a more defensive posture as interest rates stay elevated. The managers are repositioning portfolios away from rate-sensitive growth stocks toward sectors seen as better insulated, a sign that persistent higher-for-longer borrowing costs are changing how even successful investors are approaching the American equity market.
Why now: Persistently high interest rates are prompting prominent fund managers to change their investment strategies, a development investors are watching closely.
MorningstarUS stock fund managersFederal Reserve
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