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Buy These 3 Mid-Cap Growth Funds for Maximum Returns
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For high returns, investors can choose mid-cap funds that bear lesser risk than small caps. Mid-cap funds are unfazed by broader market gyrations, making them ideal bets given the erratic macroeconomic conditions of late.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices for investors. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms, whose value is projected to rise over the long term.
However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
John Hancock Funds II Mid Cap Stock Fund Class 1 aims for long-term growth and capital appreciation. The fund invests majority of assets in the equity securities of medium-capitalization companies, with significant capital appreciation potential. JIMSX has returned 30.1% in the past three years.
As of the end of December 2020, JIMSX held 73 issues with 4.12% of its assets invested in Align Technology Inc.
Carillon Eagle Mid Cap Growth Fund Class A (HAGAX - Free Report) aims for long-term capital growth. The fund invests majority of assets in the equity securities of medium-capitalization companies. HAGAX invests in those companies that the fund managers believe have good earnings potential or sales growth etc. The fund has returned 17.5% over the past three year.
HAGAX has an expense ratio of 1.05% compared with the category average of 1.16%.
AB Discovery Growth Fund Class A (CHCLX - Free Report) aims for long-term capital appreciation. The fund invests majority of assets in an extensively diversified portfolio of common stocks of small and medium-capitalization companies. CHCLX has returned 22.4% over the past three years.
Bruce K. Aronow is one of the fund managers of CHCLX since 2008.
Image: Bigstock
Buy These 3 Mid-Cap Growth Funds for Maximum Returns
For high returns, investors can choose mid-cap funds that bear lesser risk than small caps. Mid-cap funds are unfazed by broader market gyrations, making them ideal bets given the erratic macroeconomic conditions of late.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices for investors. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms, whose value is projected to rise over the long term.
However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
Below we share with you three top-ranked mid-cap growth mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of funds.
John Hancock Funds II Mid Cap Stock Fund Class 1 aims for long-term growth and capital appreciation. The fund invests majority of assets in the equity securities of medium-capitalization companies, with significant capital appreciation potential. JIMSX has returned 30.1% in the past three years.
As of the end of December 2020, JIMSX held 73 issues with 4.12% of its assets invested in Align Technology Inc.
Carillon Eagle Mid Cap Growth Fund Class A (HAGAX - Free Report) aims for long-term capital growth. The fund invests majority of assets in the equity securities of medium-capitalization companies. HAGAX invests in those companies that the fund managers believe have good earnings potential or sales growth etc. The fund has returned 17.5% over the past three year.
HAGAX has an expense ratio of 1.05% compared with the category average of 1.16%.
AB Discovery Growth Fund Class A (CHCLX - Free Report) aims for long-term capital appreciation. The fund invests majority of assets in an extensively diversified portfolio of common stocks of small and medium-capitalization companies. CHCLX has returned 22.4% over the past three years.
Bruce K. Aronow is one of the fund managers of CHCLX since 2008.
To view the Zacks Rank and past performance of all mid-cap growth mutual funds, investors can click here to see the complete list of funds.
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