We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Lord Abbett Mutual Funds That Should Be on Your Radar
Read MoreHide Full Article
Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
This New Jersey-based company was founded in November 1929 and had around $210 billion in assets under management as of Jun 30, 2022. The company has about 746 employees and 161 investment professionals dedicated to addressing its clients’ needs. Lord Abbett deals in 59 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
Lord Abbett Global Equity Fund seeks capital appreciation by investing the majority of its net assets in equity securities of companies irrespective of their nationality or market cap. LGCAX maintains a diversified portfolio.
Lord Abbett Global Equity Fund has three-year annualized returns of 8.5%. As of July 2022, LGCAX had 5% of its assets invested in Microsoft.
Lord Abbett Growth Leaders Fund invests in equity securities of companies with above-average growth potential. LGLIX invests the majority of its net assets in companies having a market cap that falls within the range of companies on the Russell 1000 Index.
Lord Abbett Growth Leaders Fund has three-year annualized returns of 9.8%. LGLIX has an expense ratio of 0.66% compared with the category average of 0.99%.
Lord Abbett Inflation Focused Fund uses the Consumer Price Index to measure inflation and invests the majority of its assets in inflation-linked derivatives, inflation-indexed fixed-income securities and fixed-income securities. LIFAX may choose to invest in Treasury futures or interest rate swaps.
Lord Abbett Inflation Focused Fund has three-year annualized returns of 4.3%. Steven F. Rocco has been one of the fund managers of LIFAX since 2016.
Image: Bigstock
3 Lord Abbett Mutual Funds That Should Be on Your Radar
Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
This New Jersey-based company was founded in November 1929 and had around $210 billion in assets under management as of Jun 30, 2022. The company has about 746 employees and 161 investment professionals dedicated to addressing its clients’ needs. Lord Abbett deals in 59 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
Below, we share with you three top-ranked Lord Abbett mutual funds, namely Lord Abbett Global Equity Fund (LGCAX - Free Report) , Lord Abbett Growth Leaders Fund (LGLIX - Free Report) and Lord Abbett Inflation Focused Fund (LIFAX - Free Report) . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Lord Abbett Global Equity Fund seeks capital appreciation by investing the majority of its net assets in equity securities of companies irrespective of their nationality or market cap. LGCAX maintains a diversified portfolio.
Lord Abbett Global Equity Fund has three-year annualized returns of 8.5%. As of July 2022, LGCAX had 5% of its assets invested in Microsoft.
Lord Abbett Growth Leaders Fund invests in equity securities of companies with above-average growth potential. LGLIX invests the majority of its net assets in companies having a market cap that falls within the range of companies on the Russell 1000 Index.
Lord Abbett Growth Leaders Fund has three-year annualized returns of 9.8%. LGLIX has an expense ratio of 0.66% compared with the category average of 0.99%.
Lord Abbett Inflation Focused Fund uses the Consumer Price Index to measure inflation and invests the majority of its assets in inflation-linked derivatives, inflation-indexed fixed-income securities and fixed-income securities. LIFAX may choose to invest in Treasury futures or interest rate swaps.
Lord Abbett Inflation Focused Fund has three-year annualized returns of 4.3%. Steven F. Rocco has been one of the fund managers of LIFAX since 2016.
To view the Zacks Rank and the past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett mutual funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>