Mutual Fund Report: Five-Star Managers
Robert Kleinschmidt --Tocqueville Fund (TOCQX)
Never let it be said that Robert Kleinschmidt follows the herd. He’s racked up his five-star rating by taking a contrarian approach with his Tocqueville Fund.
“From our point of view, the stock market isn’t necessarily a great place to get rich, but it’s a pretty good place to stay rich and a pretty good place to preserve your capital if you can be reasonably good at not losing money,” Kleinschmidt told "Morning Call." He discusses how he focuses on stocks where the risk of losing money has been limited. Usually, these are stocks that are out of favor with investors for one reason or another.
So what are some of his top investment ideas right now? Find out why Kleinschmidt likes some Japanese stocks and the exchange traded fund that mimics the yen.
“It seems the whole world is short the yen,” he says.
Other picks are technology stocks such as Microsoft and Cisco Systems and Murphy Oil.