Oil industry faces short-term hurricane impact
While it’s too early to know the full economic and human toll of Hurricane Harvey, we expect a relatively short-term impact on the U.S. energy industry.
Top 10 holdings (%) as of 06/30/2016: Visa, Inc. 4.2, Lam Research Corp. 4.1, Home Depot, Inc. (The) 4.0, MasterCard, Inc. 3.9, Allergan plc 3.7, Amazon.com, Inc. 3.5, Philip Morris International, Inc. 3.5, Facebook, Inc. 3.4, Bristol-Myers Squibb Co. 3.4 and Alphabet, Inc. 3.0.
The opinions expressed in this commentary are those of the Portfolio’s managers and are current through June 30, 2016. The managers' views are subject to change at any time based on market and other conditions, and no forecasts can be guaranteed. Past performance is not a guarantee of future results.
The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It is not possible to invest directly in an index.
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