This manager prefers birds of a feather

By focusing on a group of diversified businesses, Manulife's Prakash Chaudhari is able to be less concerned about today's macro uncertainties

Michael Ryval 1 August, 2019 | 3:01AM

Bird flock on beach

Equity markets seem to be shrugging off ongoing U.S.-China trade and tariff wars and uncertainty about the policy moves by the Federal Reserve Board. Yet Prakash Chaudhari is an active investor who tends to avoid macro-economic developments and focuses instead on a group of companies that have high returns on capital and are well diversified to reflect a conglomerate approach to stock selection.

“The index is clearly indifferent to valuation and fundamentals and weights are typically related to market cap. Following the index makes for a passive approach. But we far from complacent. The fund has just less than 20% cash, versus 15% in early December,” says Chaudhari, Senior Portfolio Manager and Managing Director at Toronto-based Manulife Investment Management and lead manager of the five-star rated $1.8 billion Manulife Dividend Income Plus F.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

About Author

Michael Ryval  

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies