Morgan's analysts closely monitor over 2000 companies worldwide and are familiar with the advantages, challenges, and prospects of each. The analysts, with an average of ten years of experience, are specialized by industry sector and conduct on-site meetings with all levels of company management. Stocks are scrutinized with a long-term perspective and forecasts are normalized to adjust for cyclical peaks and troughs. This approach forces investment decisions away from the momentum or herd mentality that comes from emotional reactions to short-term events. Each equity fund, to varying degrees, relies on a proprietary model which ranks stocks according to their relative value.
Market timing is avoided.
Sector or theme investing is virtually removed from conservative funds and kept modest in the more aggressive ones. Top Fixed Income expertise Morgan is the preeminent fixed income manager for pension funds in the U.S. and applies its resources and institutional know-how in managing mutual funds. Bonds Morgan participates in a full array of sectors including, government, corporate, international, mortgage, private placement, high-yield, and emerging markets debt. Analysts are specialized by sector, evaluating each security's structure, prepayment risk, and credit risk, and leveraging the equity research performed on companies where appropriate. By design, performance is driven by security selection.