How expensive are large company U.S. stocks, the cornerstone of just about everyone’s retirement portfolio? Nuveen’s widely followed Chief Equity Strategist and large cap mutual funds manager, Robert Doll says there are high quality, dividend paying businesses worth owning for long-term value and income.
This week’s guest is Robert Doll, who has focused on that popular category for more than three decades, and has been a regular WEALTHTRACK guest since the very beginning. Robert Doll is Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management, where he manages the firm’s large cap equity series. His responsibilities include running nine mutual funds: the traditional Large Cap Value, Growth and Core funds, three large cap specialty funds: Nuveen Core Dividend, Nuveen Concentrated Core and Nuveen Growth and three alternative funds: Nuveen Core Plus, Nuveen Equity Long/Short and Nuveen Equity Market Neutral funds.
His take on the large cap universe is that it offers much more diversity than meets the eye. He will tell us about the differentiators that can significantly influence performance.
Make Sure Your Stock Portfolio Is Diversified Internationally
- U.S. Stocks have led bull market
- Take some profits
- Reallocate to international stock markets
- True diversification means some “uncomfortable” investments
- European & emerging market stocks
- Include foreign small cap stocks
Free Cash Flow & Dividend Growing Companies
- Free cash flow rate of 8% vs. 4% for S&P 500
- Record of increasing dividends
- Low payout ratios
Delta Air Lines
Robert Doll: Market Oracle
This week’s WEALTHTRACK guest has made a name for himself with his annual predictions and with his proven investment skill. Robert Doll, Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management, has run several large cap stock mutual funds for three decades. We’ll get a personal take on his mid-year predictions for investment opportunities, and traps to avoid.
Robert Doll: Bullish On Stocks
Robert Doll is a widely followed strategist and portfolio manager, an unusual combination at major Wall Street firms, who has excelled in both disciplines. We began the interview by asking Robert Doll to step way back from the noise of the day and share his longer term views of where we are and where we are heading. My first question was why, after the worst decade since the 1930’s, he is predicting that stock returns in this decade will be in the high single digits.
Ed Hyman And Robert Doll
Three outstanding financial world figures: Robert Doll runs three large cap funds at BlackRock; John Montgomery heads up a family of funds using computer models at Bridgeway Capital; Tom Petrie, Vice Chairman of Bank of America – Merrill Lynch, is a veteran observer of the energy sector.
Additional appearances by Robert Doll from the WEALTHTRACK archives:
Robert Doll: Spiritual Giving
Nuveen Asset Management’s high profile Chief Equity Strategist and Senior Portfolio Manager Robert Doll has always been known for his prodigious energy and productivity. Where does he direct it in his personal life when he is not investing?