Top 5 Aggressive Growth Mutual Funds - Best of Funds
January 13 2012 - 6:06AM
Zacks
The 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 capital
appreciation. Equity securities of domestic companies constitute at
least 65% of the fund’s investments. The fund invests in companies
of all sizes but concentrates on smaller firms. The aggressive
growth mutual fund has a five year annualized return of 5.26%.
The aggressive growth mutual fund has a minimum initial
investment of $2,000 and an expense ratio of 2.05% against a
category average of 1.48%.
Sentinel Sustainable Growth Opportunities A (WAEGX)
invests a minimum of 65% of its assets in domestic mid-cap stocks.
Not more than 25% of its assets may be utilized to purchase stocks
from a single industrial sector. The aggressive growth mutual fund
returned 10.21% over the last one year period.
As of November 2011, this aggressive growth mutual fund held 60
issues, with 4.37% of its total assets invested in Dollar Tree
Stores, Inc.
Legg Mason ClearBridge Aggressive Growth A (SHRAX) seeks
capital growth. The fund focuses on acquiring equity securities of
companies whose earnings growth is higher than the average returned
by firms which make up the S&P 500. The aggressive growth
mutual fund has a three year annualized return of 20.39%.
Richard Freeman is the fund manager and has managed this
aggressive growth mutual fund since 1983.
Delaware Select Growth A (DVEAX) invests in companies
with superior growth potential and the ability to grow faster than
the domestic economy. The fund invests in companies with a wide
range of market capitalizations which are attractively priced. The
aggressive growth mutual fund returned 15.51% over the last one
year period.
The aggressive growth mutual fund has a minimum initial
investment of $1,000 and an expense ratio of 1.51% against a
category average of 1.36%.
American Century Ultra (TWCUX) seeks long term capital
appreciation. The fund focuses on acquiring large cap equity
securities whose value is expected to rise appreciably in the
future. The fund primarily invests in companies which are growing
at a significantly fast rate. The aggressive growth mutual fund has
a ten year annualized return of 2.19%.
Keith Lee is the fund manager and has managed this aggressive
growth mutual fund since 2008.
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.
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