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Top 5 Aggressive Growth Mutual Funds
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ShareInvestors looking to harness the power of surging markets would do little wrong by betting on aggressive growth funds. This category of funds invests heavily in stocks trading at low prices, IPOs and volatile securities in order to reap maximum benefits from positive market conditions. Securities are selected on the basis of their issuing company’s potential for growth and profitability. Mutual funds offer a safer route to investing in these securities by holding a wide range of securities and adjusting portfolios in response to prevailing market conditions.
Below we will share with you 5 top rated aggressive 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 aggressive growth funds, then click here.
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 mutual fund returned 21.97% in the last one year period.
The aggressive growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.75% against a category average of 1.59%.
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. The aggressive growth mutual fund has a ten year annualized return of 4.55%.
Thomas J. Pence is the fund manager and has managed this aggressive growth mutual fund since 2001.
Fidelity Advisor Growth Strategies A (FGVAX) invests heavily in mid-cap companies with the potential to grow earnings or revenue significantly. The fund focuses on purchasing common stock of mid-cap companies, but it may also invest in smaller or larger firms. This aggressive growth mutual fund returned 9.8% in the last one year period.
The aggressive growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.28% against a category average of 1.47%.
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 13.38% in the last one year period and has a five year annualized return of 4.49%. As of June 2010, this aggressive growth fund held 62 issues, with 3.73% of its total assets invested in Whole Foods Market, Inc.
Pin Oak Aggressive Stock (POGSX) invests the majority of its assets in domestic stocks that demonstrate high growth potential. It concentrates on purchasing shares in small and medium domestic companies, with market capitalizations between $500 million and $5 billion. It is a no-load fund.
This aggressive growth mutual fund returned 6.05% in the last one year period.
To view the Zacks Rank and past performance of all aggressive growth mutual 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 STDIX
Read the full analyst report on FGVAX
Read the full analyst report on UNECX
Read the full analyst report on POGSX
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| Market Summary | May 26, 2012 08:26 am ET |
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