UPDATE 1-Top funds betting on MasterCard, Exxon-Barron’s

(Adds more recommendations from Barron’s)

NEW YORK, Jan 31 (BestGrowthStock) – The top portfolio managers at
leading mutual funds are betting on companies ranging from
MasterCard Inc (MA.N: ) to Exxon Mobil Corp (XOM.N: ) for 2010,
financial weekly Barron’s said in its Feb. 1 edition.

Dennis Lynch, the head of growth investing at Morgan
Stanley Investment Management, was cited as favoring names like
MasterCard, research firm MorningStar (MORN.O: ), and Verisk
Analytics Inc (VRSK.O: ), which helps insurance companies assess
risk.

Ed Perks, manager of Franklin Templeton’s Franklin Income
Fund, said he has recently raised his exposure to equities and
and was seeing better values in large-cap, dividend-issuing
stocks like Exxon Mobil, Southern Co. (SO.N: ), Target Corp
(TGT.N: ) and Pepsico Inc (PEP.N: ).

Others recommendations in Barron’s included:

* Bill Stromberg, director of T. Rowe Price’s global-equity
operation, recommends a close watch on China, and likes Beijing
Enterprises Group Holdings Ltd (0392.HK: ).

* Christopher Gagnier, head of U.S. fixed income at
Aberdeen Asset Management, favors prime non-agency mortgages
and commercial-mortgage-backed securities. He sees opportunity
in Build America Bonds issued by state and local governments
with federal subsidies.

* Aberdeen’s Asia-Pacific team likes the outlook for the
region’s currency markets, particularly against the U.S. dollar
and Japanese yen.

* In a roundtable discussion, Pimco founder and co-chief
investment officer Bill Gross said he likes Reaves Utility
Income Fund (UTG.A: ), and 8% GMAC bonds due 2031.

* Meryl Witmer, general partner at Eagle Capital Partners,
picks Compass Minerals International Inc (CMP.N: ), sayin it owns
the best rock-salt mine in the world. She also recommends Dutch
insurer Delta Lloyd (DLL.AS: ) for its capital strength and risk
maangement, and German pharmaceutical firm Biotest
(BIOG_p.DE: ).

Investment Tools

(Editing by Martin Golan and Bernard Orr)

UPDATE 1-Top funds betting on MasterCard, Exxon-Barron’s