This portfolio manager’s frugality and eye for income protected her fund from the worst of 2022’s tumult
Publishing timestamp: 2023-04-05 14:51:07
Summary
Ramona Persaud, portfolio manager of Fidelity Equity-Income Fund, outperformed the broader market in 2022 with a total return of -5.07% due to her search for value and quality. Her focus on blue-chip names that pay dividends and cyclical tech presented buying opportunities during the market rout. Persaud's approach to value investing ties back to her childhood as the daughter of parents who emigrated from Guyana and instilled in her a frugal mindset. She balances price return with income to dampen overall volatility and achieve risk-adjusted returns.
Sentiment: POSITIVE
Tickers: .SPX, .IXIC, JPM, JNJ, XOM,
Keywords: fidelity equity-income fund, jpmorgan chase & co, s&p 500 index, nasdaq composite, business news, johnson & johnson, investment strategy, exxon mobil corp,