June 19, 2003 at 08:00 PM
Fund Currently Managed
AXP Equity Select Fund/A (INVPX), since February 2000
Investment Style Overview
Seeks growing companies with market caps of $1 billion to $8 billion that are increasing profits. Runs a relatively concentrated portfolio of 50-70 stocks.
Key Stock Selection Criteria
*Sustainable annual earnings growth of 15% or more.
*Strong balance sheet.
*Industry leader with competitive advantage.
Key Sell Criteria
*Company’s financial fundamentals erode.
*Top-heavy in an industry or sector.
Biographical Notes
Duncan Evered is a portfolio manager with Amer Express (AXP), which he joined as a health care industry analyst in 1994. Previously, he was a general partner at Emerging Growth Partners, an investment firm. He holds a BA in math and an MBA from Stanford.
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