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Top 5 Aggressive Growth Funds
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ShareAggressive funds are among the best possible vehicle for investments when markets are experiencing strong growth. Focusing on IPOs, low priced issues and volatile stocks, these funds looks to maximize gains during such favorable periods. They are designed primarily to achieve capital appreciation and focus on companies showing above-average growth. Investors who are willing to accept a higher than normal risk-return trade-off and forgo dividends for capital growth, would do well to select aggressive growth funds.
Below we will share with you 5 top rated aggressive growth funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all aggressive growth funds, then click here.
Wasatch Ultra Growth (WAMCX) invests in small and mid-cap companies which are growing at a rapid pace. The fund focuses on acquiring equity securities of companies with market capitalizations not exceeding $ 5 billion. Up to 30% of its assets may be used to purchases foreign securities from both developed and emerging markets. This aggressive growth fund returned 69.79% over the last one year period.
The aggressive growth fund has a minimum initial investment of $2,000 and an expense ratio of 1.75% compared to a category average of 1.60%.
Alger Spectra A (SPECX) seeks long-term capital growth. It invests in companies on varying sizes with significant growth potential. It primarily purchases common or preferred stocks listed on U.S. exchanges or on the over-the counter-market. This aggressive growth fund has a three year annualized return of 5.14%
Patrick Kelly is the Fund Manager and he has managed this fund since 2004.
Neuberger Berman Mid Cap Growth (NMANX) invests the majority of its assets in mid-cap companies. The fund focuses on purchasing common stocks of companies whose market cap is within the range of companies included in the Russell Midcap index at the time of purchase. It is a no-load fund.
This aggressive growth fund returned 45.29% over the last one year period.
Waddell & Reed New Concepts A (UNECX) seeks capital growth by investing in mid-cap companies with above-average growth potential. It focuses on purchasing common stocks of domestic firms, but may also invest in foreign companies. The aggressive growth fund returned 65.32% in the last one year period and has a five year annualized return of 7.52%.
As of March 2010, this aggressive growth fund held 68 issues, with 3.25% of its total assets invested in Whole Foods Market, Inc.
Quaker Strategic Growth A (QUAGX) invests a large share of its assets in coomon stocks of domestic companies with a wide range of market capitalizations. Up to 25% of its assets may be used to purchase foreign securities, including ADRs. It may also invest a similar amount in special situation securities. The aggressive growth fund returned 31.86% over the last one year period.
The fund manager is Manu Daftary and has managed this aggressive growth fund since 1996.
To view the Zacks Rank and past performance of all aggressive growth funds, then click here.
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/mutualfund/
Read the full analyst report on WAMCX
Read the full analyst report on SPECX
Read the full analyst report on NMANX
Read the full analyst report on UNECX
Read the full analyst report on QUAGX
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| Market Summary | May 26, 2012 08:08 am ET |
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