Keeley Funds Comments on Voya Financial

Guru stock highlight

Author's Avatar
Aug 04, 2016

Voya Financial, Inc. (NYSE:VOYA) was also a leading detractor this quarter. The stock price declined over 15% and cost the Fund 23 basis points in performance for a couple reasons. First, it missed first quarter earnings expectations due to underperformance in its alternatives portfolio. In addition, falling interest rates continue to pressure forward earnings expectations.

From Keeley Funds' Keeley Mid Cap Dividend Value Fund second quarter 2016 commentary.