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By MarketWatch

BOSTON (MarketWatch) -- Bridget Hughes, mutual fund analyst at Morningstar, says she is tired of the "plug-and-play mutual fund" where managers are so tightly bound by rules and investment objectives that they have little chance to show their talent.

In a radio interview, Hughes said that she believes investors should look at funds where managers have the flexibility to use their varied skills and where they have proven that they can deliver over time. But she also warned against situations where even proven managers are working in turmoil.

For proof, she put a qualified sell rating on long-time Morningstar favorite First Eagle Overseas and its manager Jean-Marie Eveillard.

During her talk with Chuck Jaffe, MarketWatch senior columnist, Hughes said that turmoil at First Eagle Overseas /zigman2/quotes/209014684/realtime SGOVX -0.74% has Eveillard back in the captain's chair, but with a different crew and with an understanding he's expected to leave again.

By comparison, she noted that turnover at the helm of Templeton Growth /zigman2/quotes/200474627/realtime TEPLX -0.91% is much less of a concern because the fund's seasoned management team remains largely intact and appears to be stable for the future. She made that fund a buy.

Management considerations were key in all Hughes's buy recommendations: T. Rowe Price International Discovery /zigman2/quotes/206936003/realtime PRIDX -0.12% , T. Rowe Price International Growth & Income /zigman2/quotes/208301385/realtime TRIGX -0.95% , Royce Value Plus /zigman2/quotes/205236844/realtime RYVPX -0.37% , Pennsylvania Mutual /zigman2/quotes/205773122/realtime PENNX -0.78% , Marsico Global /zigman2/quotes/201885785/realtime MGLBX -1.09% and Marsico Focus /zigman2/quotes/200146153/realtime MFOCX -0.98% .

With the Marsico funds, Hughes noted that while she personally has investments in the focused fund she feels that the much newer global fund is a slightly superior pick for investors now.

In another interview, Charles Rotblut, senior market analyst for Zacks.com, was bullish on Core Laboratories /zigman2/quotes/207238091/composite CLB +0.61% , noting that his firm's six-month target price for the stock is $142 per share, roughly 20% above current levels.

By comparison, Rotblut suggested that investors could take a loss of that size over the next six months if they take a chance on Alpharma .

Listen to the highlights of Your Money with Chuck Jaffe.

Jaffe's radio show regularly features expert reviews of stocks and mutual funds suggested by MarketWatch readers; to request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe .

/zigman2/quotes/209014684/realtime
US : U.S.: Nasdaq
$ 22.71
-0.17 -0.74%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/200474627/realtime
US : U.S.: Nasdaq
$ 20.67
-0.19 -0.91%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/206936003/realtime
US : U.S.: Nasdaq
$ 58.72
-0.07 -0.12%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/208301385/realtime
US : U.S.: Nasdaq
$ 13.56
-0.13 -0.95%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/205236844/realtime
US : U.S.: Nasdaq
$ 5.39
-0.02 -0.37%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/205773122/realtime
US : U.S.: Nasdaq
$ 7.60
-0.06 -0.78%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/201885785/realtime
US : U.S.: Nasdaq
$ 14.54
-0.16 -1.09%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/200146153/realtime
US : U.S.: Nasdaq
$ 19.26
-0.19 -0.98%
Volume: 0.00
June 30, 2022
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/zigman2/quotes/207238091/composite
US : U.S.: NYSE
$ 19.93
+0.12 +0.61%
Volume: 215,657
July 1, 2022 3:52p
P/E Ratio
96.12
Dividend Yield
0.20%
Market Cap
$917.69 million
Rev. per Employee
$128,965
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