Consensus Earnings Estimates and Barrow Opportunity Fund

Barrow Long Short Opportunity Fund: Back on May 20, 2014, we pointed out that the S&P 500 SPX, +1.34%looked expensive, because it was trading for 14.2 times consensus 2015 earnings estimates, according to Market Watch. At the time, that was the highest forward price-to-earnings ratio for the index since 2007. But there no question that the stock market as a whole has gotten more expensive, which means a value-based approach to picking stocks is more likely to give you good performance, while lowering downside risk. Since then, the index has returned 16% and now trades at 15.5 times weighted aggregate consensus 2017 earnings estimates, according to Fact Set. He co-manages the Barrow Opportunity Fund BALIX, +1.45% and the Barrow Long/Short Opportunity Fund BFSLX, +0.39% The Barrow Opportunity Fund is the renamed Barrow All-Cap Value Fund, but its investment objectives haven't changed. Two years ago we spoke to David Bechtel, one of three principals of Barrow Funds. (news.financializer.com). As reported in the news.