” Ignoring your benchmark is one way to consistently beat it.
At least, that approach has helped the $12 billion Oppenheimer Global Fund outperform its MSCI benchmark since 2008, according to data compiled by Morningstar.
Sure, the portfolio of large-cap US and foreign stocks has recently benefitted from an overall resurgence in global economic growth. But John Delano, the fund’s co-portfolio manager, says a rigorous stock-picking process and a focus on five key themes also guide how its composed. ”