Thriving On Panic
Market panics don't bother Timothy Keefe, manager of John Hancock Large Cap Value Fund. A contrarian, Keefe looks for stocks that are being dumped, including software, which he believes was unfairly pounded when Y2K jitters caused customers to postpone purchases. His approach has given his load fund a solid record, while others have suffered. Hancock Large Cap was the best-performing large-cap value fund last year--vaulting 37.9% vs. 6.3% for its peer group. It has Select Fund status from Standard & Poor's, which, like BUSINESS WEEK, is a unit of The McGraw-Hill Companies. Keefe spoke with Bill Gerdes, a reporter with S&P's Fund Services. A longer version of this interview is available at www.personalwealth.com.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.