Here’s Why Matrix Asset Advisors Invested in Morgan Stanley (MS)

Matrix Asset Advisors, an asset management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, most areas of the market were down. Value and dividend strategies were protective compared to the worst-performing growth sector. The Large Cap Value Portfolio of the fund outperformed its benchmark, the S&P 500, in the second quarter but trailed the Russell 1000 Value Index. Its Matrix Dividend Income portfolio meaningfully...