Top 5 Aggressive Growth Funds
Aggressive growth funds are the best possible choice for investment purposes when the markets are on an upswing. These funds look at picking up volatile securities, low priced stocks and IPOs, seeking to maximize gains during such positive phases. They primarily select companies which have shown impressive growth and have the ability to deliver impressive profits in the future. Investors having the willingness to let capital growth take precedence over dividends would do well to consider 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.
Westcore MIDCO Growth (WTMGX) primarily invests in stocks of medium-sized companies with significant growth potential. The majority of its assets are invested in mid-cap companies with market capitalizations similar to those included in the Russell Mid-cap Growth index. The aggressive growth has a five year annualized return of 3.34%.
The aggressive growth fund has a minimum initial investment of $2,500 and an expense ratio of 1.08% against a category average of 1.47%.
Wells Fargo Advantage Discovery (STDIX) seeks long term capital growth. Equity securities of small and mid-cap companies with the potential for above average growth constitute the fund’s major investments. It may also invest in foreign equity securities using ADRs or similar instruments. The aggressive growth fund has a ten year annualized return of 5.89%.
Thomas J. Pence is the fund manager and has managed this Wells Fargo fund since 2001.
Wasatch Ultra Growth (WAMCX) invests in small and mid-cap companies which are growing 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 35.58% 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%.
Eagle Mid Cap Growth A (HAGAX) seeks capital growth by investing in companies with significant growth potential. It invests at least 80% of its assets in equity securities of mid-cap companies which were within the market capitalization range of the Russell Midcap Growth index during the most recent 12-month period. The aggressive growth fund has a five year annualized return of 5.28%.
As of June 2010, this aggressive growth fund held 62 issues, with 3.09% of its total assets invested in Rovi Corp.
Vanguard Strategic Equity (VSEQX) invests the majority of its assets in small and mid-cap domestic stocks. The fund selects securities that have the potential for appreciable growth in the long run. The risk profile of its portfolio is identical to that of the MSCI US Small + Mid Cap 2200 index. It is a no-load fund.
This aggressive growth fund returned 31.67% over the last one year period and has a ten year annualized return of 5.13%.
To view the Zacks Rank and past performance of all precious metals 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 WTMGX
Read the full analyst report on STDIX
Read the full analyst report on WAMCX
Read the full analyst report on HAGAX
Read the full analyst report on VSEQX
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| Market Summary | May 26, 2012 06:12 am ET |

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