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Monday’s recovery of prices of technology stocks may have caused some sighs of relief, but the S&P 500 remains highly concentrated. This means that, if you have money in an S&P 500 index fund, you might have more money invested in a handful of stocks than you realize. There are many ways to diversify beyond the growth stocks dominating the index. One way is with a value approach, which might be appropriate for a portion of your portfolio.
Warren Koontz, the head of value equity at Jennison Associates, described his team’s approach to selecting value stocks during an interview with MarketWatch. Based in New York, Jennison was founded in 1969 and is a subsidiary of Prudential Global Investment Management, which is the asset management arm of Prudential Financial Inc.
PRU.
