Parnassus Value Equity Fund (PFPWX)
Parnassus Value Equity Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $64.86, up 0.28% on the session, giving a market capitalisation of $5.28B. Its beta of 0.98 implies it has historically moved less than the broad market.
The fund's main goal is to increase the value of its investments over time. It primarily achieves this by allocating capital to a diverse array of equity holdings, encompassing both common and preferred stocks. The strategy involves identifying companies that, in the adviser's judgment, are currently undervalued but simultaneously demonstrate strong potential for substantial long-term growth throughout the period they are expected to be held.
Parnassus Value Equity Fund is most often compared with the following Financial Services names: