Its past performance so far reveals that Principal
Large Cap has outperformed the markets brilliantly during rallies, but it
has stagnated during downturns.
The current financial year has been a particularly disappointing one for the scheme as its investment calls of being overweight on metals and underweight on software have backfired. Despite the current volatile conditions, Principal Large Cap has abstained from taking heavy cash calls and stands by its conviction of not going overly defensive.
The current financial year has been a particularly disappointing one for the scheme as its investment calls of being overweight on metals and underweight on software have backfired. Despite the current volatile conditions, Principal Large Cap has abstained from taking heavy cash calls and stands by its conviction of not going overly defensive.
A similar strategy adopted in the meltdown period of 2008
did help in the scheme in the following year. This strategy, however, is like a
double edged sword. It can hurt deeply in the near term if the markets are to
deteriorate further but can also enrich investors if markets are to head north
hereon.
Source: http://economictimes.indiatimes.com/features/investors-guide/principal-large-cap-a-star-performer-when-the-going-is-good/articleshow/11058970.cms
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