Morningstar Advisor - February/March 2013 - (Page 3)

February/March 2013 Features Morningstar Conversation Spotlight: Active Investing Active Has a Place It’s possible for clients to have a winning portfolio with skilled active managers. 36 Yes, There Are Good Active Funds 48 The Epitome of an Active Manager With conviction and creativity, Oakmark’s Bill Nygren invests in any company that he views as a bargain— even Apple. Undiscovered Manager 54 Lines of Communication To the team at Conestoga, a key part of investing is openly discussing the firm’s successes and failures. The average active fund is a loser. So, don’t buy the average active fund. 38 The Decoupling Why active managers of core bond funds are migrating away from the Barclays Aggregate index. 42 Where It Could Pay to Be Active A look at how our 2012 Fund Managers of the Year stack up against their benchmarks. 46 The Active Fund That Defies Obsolescence Vanguard Wellington is boring and old, but it keeps producing stellar risk-adjusted returns. Here’s how it does it. 3

Table of Contents for the Digital Edition of Morningstar Advisor - February/March 2013

Morningstar Advisor - February/March 2013
Letter From the Editor
Social Media, the Old- Fashioned Way
Do You Use Active Strategies?
Youth Appeal
How to Buy the Unloved 2013
Morningstar Managers of the Year
Investments á la Carte
Investment Briefs
Approaches to Absolute-Return Investing
In Agriculture, It’s Good to Be Strong
Yes, There Are Good Active Funds
The Decoupling
Where It Could Pay to Be Active
The Active Fund That Defies Obsolescence
The Epitome of an Active Manager
Lines of Communication
The Existence of Market Timing ‘Intelligence’
A Route to Commodities that Bypasses the Futures Market
Best Positioned for Health-Care Reform
Diversified Stock Funds That Earn Their Stars
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
A Twisted Debate

Morningstar Advisor - February/March 2013