2011 Top Equity Money Manager Picks!

	Money Manager Monthly	WrapManager.com \| Contact Us
		February 2011

	In This Issue
	2011 Top Equity Money Manager Picks Themes To Watch in 2011 Fund Flows Back Into Domestic Equities

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	Investment Quiz

	1. What is the most recent US unemployment rate as of February 4, 2011 according to the Bureau or Labor Statistics? a) 9.0% b) 9.7% c) 10.1% d) 9.4% 2. What was the US GDP growth rate in the fourth quarter of 2010? a) 2.7% b) 4.1% c) 3.2% d) 3.6% 3. Personal consumption expenditures (which account for 70% of GDP) surged by how much in the last quarter of 2010? The third quarter figure was 2.4%. a) 5.0% b) 3.1% c) 4.4% d) 3.5% Answers: 1) a, 2) c, 3) c Source: US Bureau of Labor Statistics, JP Morgan, Federated Investors

MARKET COMMENTARY

2011 Top Equity Money Manager Picks

By Gabriel F. Burczyk, President & CEO

Gabriel F. Burczyk Sticking with our tradition of giving the upcoming year a tag line, "From Double-Dip to Buy the Dips" is the most popular from our Investment Policy Committee and probably the best way to summarize our 2011 outlook. WrapManager believes many of the uncertain themes of 2010 have now passed. We also agree with several of the money managers we follow who feel that we are on a clearer path down recovery road. In fact, we believe the economy is recovering and moving into an expansionary phase.

We feel our 2011 Top Equity Money Manager Picks compliment our theme well. Regardless of your personal outlook for 2011, we think you'll find these money managers intriguing.

Find out who made the list here »

MONEY MANAGER COMMENTARY

Themes to Watch in 2011

Wentworth's 2011 Outlook
Money manager Wentworth Hauser shares their view of the current economic environment and their outlook for 2011. They find that "the United States economy appears to be gaining some momentum as we enter 2011. The global economy also appears to be experiencing solid growth. Resolution of the sovereign debt crisis in Europe will likely determine the course of global economic activity and the financial markets throughout 2011 and into 2012."
Click here for Wentworth's Commentary

2011 Rollercoaster Ride
Money manager Macquarie Allegiance's January commentary reviews 2010 and provides their outlook for 2011. Graham McDevitt, the Co-Chief Investment Officer, believes the 'ride' this year will be significantly different compared to the rollercoaster of 2010. Read about their themes and risks facing investors in 2011 in this month's commentary.
Click here for the Full Macquarie Commentary

Surplus Labor Keeps Inflation Contained
Wells Fargo's weekly commentary focuses on the popular topic of inflation and why they think it's probably not something to worry about at the moment. "Many investors are worried that inflation could increase because the Federal Reserve is pumping a lot of money into the economy. However, we continue to believe that the window of opportunity is still open for the Fed to add liquidity without creating high inflation. Inflation remains low despite the Fed's easy money policy because high unemployment and increasing productivity keep labor costs and inflation contained."
Click here for Wells Fargo's Commentary

3.5% Growth in 2011
Estabrook Capital Management anticipates that 2011 will provide attractive returns in U.S. equity markets in the low double digit percentages. This conclusion is remarkably similar to the outlook their firm held one year ago at this time, an outlook that was fulfilled in 2010. However, the combination of positive factors and investment risks appears materially different than the combination present a year ago.
Click here for Estabrook's Full Commentary

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FINANCIAL TIDBIT

Investors Putting Money Back Into Domestic Equities

Money Back Into Domestic Equities Long term domestic equity mutual funds experienced net fund outflows in 2010. Just recently, we could be seeing this trend start to reverse as there has been a net inflow of funds back into these long term domestic equity mutual funds. As of this writing, the last four weeks have seen positive net inflows.

If the S&P 500 finished 2010 positive while long term domestic equity mutual funds were experiencing net outflows, we think net inflows into these mutual funds could possibly help the S&P 500 continue its climb.

As always, feel free to give one of our Wealth Strategists a call at (800) 541-7774 or email info@wrapmanager.com if you have any questions or would like to discuss your current situation!

Source: Investment Company Institute (ICI.org). The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, close-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of ICI manage total assets of $12.68 trillion and serve over 90 million shareholders.

The opinions expressed are as of February 10, 2011 and may change as subsequent conditions vary. Information provided in this report is for educational and illustrative purposes only. This material is not intended to be relied on as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this material are derived from sources deemed reliable, are not all-inclusive and are not guaranteed as to accuracy. Past performance is no guarantee of future results. This is no guarantee that any forecasts made will come to pass.

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