GE U.S. Equity A (GEEQX)
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Date updated:02-07-2008
From the GE Asset Management Website:
“We believe that investment in a select group of high-quality companies, which are industry leaders, offers greater potential to achieve above-average returns over a long-term period.”
“The investment process targets investments in companies with sustainable business models at reasonable valuations. GE Asset Management’s Research Team screens a universe of approximately 600 names to identify "competitive winners" that compose a "Stockwatch" list of approximately 300 companies. Each industry analyst then closely follows approximately 25 stocks: building earnings models, ranking companies in terms of investment attractiveness, visiting with company managements, contacting industry suppliers and competitors, attending industry conferences and leveraging GE businesses contacts worldwide. The portfolio managers draw upon the best long-term ideas of the research analysts in constructing the strategy and typically have a three- to-five-year investment time horizon. Individual security weightings are determined by the performance potential of the stock, level of conviction, and liquidity and market capitalization of the security. Sector allocation is a fallout of the stock selection process, but is monitored as part of the risk control process.”
The fund was featured in the February 5th issue of Barron’s, as one of the top funds for their favorite mutual fund family of 2006, GE Asset Management. Barron’s had this to say about the fund:
“finished in the top quarter of its Lipper peer group last year. Its 2006 return, adjusted for 12b-1 fees (something Lipper does for all of the funds in this survey), was north of 16%, slightly ahead of the Standard & Poor's 500's 15.80%.
Current Returns:
1-Year: 8.39%
3-Year: 9.33%
5-Year: 10.58%
As of 10/31/07
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