Why elite companies can overcome market turmoil

Although market volatility is set to remain for the forseeable future, there is no shortage of opportunities, writes Grant Bughman, client portfolio manager of the UBS US Growth fund.

When macro concerns are all encompassing, as they are today, it makes a portfolio manager’s job all the more challenging. However, the upside is that with these challenges come potential opportunities; should the manager have the discipline and the ability to identify them. Since the summer the market has been concerned over debt levels in the United States, exacerbated by the Standard & Poor’s downgrade, a potential slowdown in economic activity and delays in finding a meaningful, lasting, solution to the European sovereign debt crisis where presently, sentiment may change within hours, ne...