He is one of their better performers in a 2-3-2 start.
All at once it seemed a much better performer.
Eventually, a better performer should more than compensate for any initial tax payment.
Morgan acknowledges that its stock should be a better performer.
"The higher-quality stocks are likely to be the better performers over the next 6 to 12 months," he said.
Funds outside this group, of course, may be better overall performers.
The switch is a simple case of upgrading to a better performer, he said.
The changes will also take out some of the index's better performers.
If that is the case, a stable or rising dollar could mean foreign markets are going to be better performers.
The American assets, by contrast, have been among the company's better performers.