Mercier Vanderlinden uses cookies to improve customer experience and the use of this website. By continuing to surf on Mercier Vanderlinden website, you agree to the use of these cookies.

Client Portal

We continuously work on the Client Portal to improve our services.

This is why you may experience temporarily problems to access your portfolio.

We apologize for the inconvenience and appreciate your patience.

The Oakmark Funds - 2Q14

30 June 2014

With 2014 now more than half over, it seems like a good time to look ahead to next year.  The consensus S&P 500 earnings estimate for 2015, as computed by FactSet, is $133.  That results in a forward P/E ratio of just less than 15x. Relative to the index’s long-term historical average, which is in the mid-teens, the current valuation level suggests to us neither unusual opportunity nor risk.  Given that, why is there so much talk about the market being overvalued?


Read more.

Subscribe to our newsletters

We would like to know who is interested in our newsletters. Under the data protection rules, we however need to ask for your explicit consent in this respect. By clicking on the link below, you confirm that you took note of our privacy policy and agree with said policy