10 Oct 2012 Heartland Funds - Why We Are Overweight Energy, Industrials, and Materials ( Portfolio )
The U.S. and global economy slowed again this summer, stoking fears of another “growth problem” or risk of relapse into recession. But industrial signals have recovered.
The housing market has stabilized, and consumer discretionary income should increase because of mortgage refinancing at record-low interest rates.
Central banks continued to support economic expansion and show no sign of letting up.
Investor sentiment is low. We continue to see attractive valuations in the Energy, Industrial, and Materials sectors.
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