Funds riding the record S&P 500 bull market
By Jessica Tasman-Jones, 22 Aug 18
The top-performing North America funds during the longest US bull market in history
Over that period, the Amundi Sicav II Pioneer US Fundamental Growth has returned investors 453.33%, meaning it just squeezes into the top-10 Investment Association North America funds over the period.
Andrew Acheson (pictured) is portfolio manager, along with Paul Cloonan, on the €2.4bn fund.
Acheson anticipated US equities would do relatively well for the remainder of the year. “When the bull market ends largely depends on the pace of Fed rate rises, the outcome of trade negotiations, and other late cycle factors such as increased labour and commodity costs,” he said.
The team seeks high-quality companies with more reasonable valuations, and slower, but more predictable and sustainable, growth. These include insurance brokers and stock/derivative exchanges, as well as life science and tools companies in the healthcare sector.