Q: The fact that GE is a top fund holding partly answers this question: Do you like GE? Can you amplify?
A: It's really a cornerstone of our six-sigma approach to investing in this fund. [New CEO Jeffrey Immelt] is now steering GE in the right area. They're now exiting businesses that they can't be No. 1 or 2 in, and investing in businesses that make strategic sense in the long run. Don't forget, as goes GE, so goes the economy. If the economy doesn't turn, GE will not turn.