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Top 5 Aggressive Growth Mutual Funds
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ShareAggressive growth mutual funds invest in companies which have the potential for attractive growth in earnings, cash flow and total worth. These funds focus on acquiring attractively priced stocks, IPOs and volatile securities in order to harness gains from a rising market. However, such securities show high levels of price volatility and are thus suitable only for investors with an appetite for risk. Mutual funds offer a secure option to invest in these instruments by holding a wide range of securities and responding to prevailing market conditions by adjusting portfolios.
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.
Eagle Capital Appreciation A (HRCPX) invests at least 65% of its assets in companies which have the potential of providing superior growth over the long term. The fund focuses on acquiring common stocks which are attractively priced compared to their intrinsic value. This aggressive growth mutual fund returned 5.38% in the last one year period.
Steven M. Barry is the fund manager and has managed this aggressive growth mutual fund since 2002.
Needham Aggressive Growth (NEAGX) seeks long term capital growth. Equity securities of domestic companies constitute a large portion of the fund’s investments. The fund invests in companies of all sizes, but focuses on acquiring stocks of smaller companies to achieve its investment objectives. The aggressive growth mutual fund is non-diversified and has a five year annualized return of 5.9%.
The aggressive growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 2.49% against a category average of 1.47%.
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.
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%.
As of August 2010, this aggressive growth mutual fund held 67 issues, with 3.32% of its total assets invested in SBA Communications Corporation.
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.
Ajay Krishnan is the fund manager and has managed this aggressive growth mutual fund since 2000.
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 HRCPX
Read the full analyst report on NEAGX
Read the full analyst report on POGSX
Read the full analyst report on STDIX
Read the full analyst report on WAMCX
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| Market Summary | May 26, 2012 08:36 am ET |
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