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Top 5 Aggressive Growth Mutual Funds
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ShareThe search for higher returns often leads investors with the willingness to accept a high risk-return trade off towards aggressive growth mutual funds. This category of instruments has a strong positive correlation with market movements and provides good returns during a market upswing. Such performance is achieved by investing in securities issued by companies with strong growth potential and in IPOs which are often resold quickly at a handsome profit. Many aggressive growth mutual funds may also invest in options to achieve their goal of high returns.
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.
Needham Aggressive Growth (NEAGX) seeks long term capital growth. Equity securities of domestic companies constitute a large portion of the fund’s investments. The aggressive growth mutual fund is non-diversified and has returned 25.36% over the last one year period.
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%.
Franklin Growth Opportunities A (FGRAX) invests in stocks of companies with above average growth potential and may consider investing in small and mid-sized companies. The fund may also purchase foreign securities and invest in a specific sector such as technology. The aggressive growth mutual fund has a five year annualized return of 5.1%
The aggressive growth mutual fund manager is Conrad Herrmann and he has managed this aggressive growth fund since 1999.
Delaware Select Growth A (DVEAX) seeks capital appreciation over the long term. The fund invests in companies with superior growth potential and the ability to grow faster than the domestic economy. It invests in companies with a wide range of market capitalizations which are attractively priced compared to their underlying value. The aggressive growth mutual fund returned 25.83% over the last one year period. The aggressive growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.50% against a category average of 1.47%.
Hartford Capital Appreciation A (ITHAX) utilizes at least 65% of its assets to purchase common stocks of companies without regard to their market capitalizations. Not more than 35% of its assets are invested in foreign securities. The aggressive growth mutual fund has a ten year annualized return of 3.07%.
As of September 2010, this aggressive growth mutual fund held 84 issues, with 5.43% of its total assets invested in Ford Motor Company.
Quaker Strategic Growth A (QUAGX) seeks long term capital appreciation. The fund invests a large share of its assets in common stocks of domestic companies with a wide range of market capitalizations. The aggressive growth mutual fund returned 3.12% over the last one year period.
The fund manager is Manu Daftary and he has managed this aggressive growth mutual fund since 1996.
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 NEAGX
Read the full analyst report on FGRAX
Read the full analyst report on DVEAX
Read the full analyst report on ITHAX
Read the full analyst report on QUAGX
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| Market Summary | May 26, 2012 08:45 am ET |
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