Widespread economic distress is likely to prompt even more companies to re-evaluate their dependence on debt financing in coming months—low interest rates notwithstanding—and look to shockproof their finances by piling up more cash. Ironically, many mutual funds that favor companies with fortress-like balance sheets lagged behind their peers during much of the late, great bull market, which finally met its demise in March. Barron’s has identified five veteran fund managers who are sticklers for strong balance sheets, and whose funds have lost less than peers during the market’s recent rout. Read More...
Widespread economic distress is likely to prompt even more companies to re-evaluate their dependence on debt financing in coming months—low interest rates notwithstanding—and look to shockproof their finances by piling up more cash. Ironically, many mutual funds that favor companies with fortress-like balance sheets lagged behind their peers during much of the late, great bull market, which finally met its demise in March. Barron’s has identified five veteran fund managers who are sticklers for strong balance sheets, and whose funds have lost less than peers during the market’s recent rout.
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