Top 5 Zacks #1 Ranked Growth Mutual Funds - Best of Funds
26 November 2012 - 1:49PM
Zacks
A single minded focus towards capital appreciation is what best
characterizes growth funds. This purity of style is further
established by the fact that investors can expect few or no
dividend pay outs from such mutual funds. But investing in this
class of funds requires a relatively higher appetite for risk than
those following a value or blend style towards investing. However,
in depth research and professional management are what make mutual
funds a much safer proposition as compared to directly investing in
growth stocks.
Below we will share with you 5 top rated growth mutual funds.
Each has earned a Zacks #1 Rank (Strong Buy) as we expect these
mutual funds to outperform their peers in the future. To view
the Zacks Rank and past performance of all growth funds, investors
can click here to see the complete list of funds.
BlackRock Mid-Cap Growth Equity Investor A (BMGAX) seeks
capital growth over the long term. The majority of its assets are
invested in common stocks of domestic growth-oriented mid-cap
companies. The market cap of these companies must be similar to
those which are included in the Russell Midcap Growth Index. The
growth mutual fund has a three year annualized return of 9.34%.
Eileen Leary is the fund manager and he has managed this growth
mutual fund since 2002.
Sit Mid Cap Growth (NBNGX) invests heavily in common
stocks of companies whose market capitalizations range from $2
billion to $15 billion. It focuses on acquiring securities of
growth-oriented small and mid-cap domestic companies. The growth
mutual fund has a three year annualized return of 12.69%.
As of September 2012, this growth mutual fund held 86 issues,
with 2.39% of its total assets invested in TJX Companies.
RS Select Growth A (RSDGX) seeks capital growth over the
long term. It invests in small and mid-cap growth-oriented
companies. The fund focuses on acquiring equity securities of such
companies whose market capitalizations may be at most 120% of the
market cap of the largest company in the Russell 2500 Index. The
growth mutual fund has a three year annualized return of
20.75%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.35% compared to a category average
of 1.36%.
Westcore MIDCO Growth (WTMGX) invests in securities of
medium-sized companies with substantial growth potential. A large
share of its assets is invested in mid-cap companies with market
capitalizations similar to those included in the Russell Mid-cap
Growth index. The growth mutual fund has a three year annualized
return of 8.18%.
William Chester is the fund manager and he has managed this
growth mutual fund since 2002.
Needham Growth (NEEGX) seeks capital growth. A minimum of
65% its assets are invested in domestic equity securities. The fund
focuses on a wide range of sectors such as technology, healthcare,
media and business and consumer services. The growth mutual fund
has a three year annualized return of 11.55%.
The growth mutual fund has a minimum initial investment of
$2,000 and an expense ratio of 1.78% compared to a category average
of 1.36%.
To view the Zacks Rank and past performance of all growth mutual
funds, investors can click here to see the complete list of
funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at http://www.zacks.com/funds.
View All Zacks #1 Ranked Mutual Funds
(BMGAX): ETF Research Reports
(NBNGX): ETF Research Reports
(NEEGX): ETF Research Reports
(RSDGX): ETF Research Reports
(WTMGX): ETF Research Reports
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