A Global Value Investor On An American Shopping Spree
Portfolio Manager Mark Holowesko calls his Franklin Resources' Templeton Growth Fund the "anti-Nasdaq" fund, and for good reason. His $15 billion fund doesn't own a single Nasdaq-listed stock right now, nor has it for several years. That has hurt Templeton Growth's performance recently. But since the Nasdaq market peaked on Mar. 10, Templeton Growth shares have jumped 11%. Why? Holowesko, a quintessential value investor, is seeing his bets on cheap stocks finally pay off--and he is buying even more.
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