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Article: Second time's a charm: after making a false start, B.E. says now is a better time to buy mid-cap growth funds. (Mutual Fund Focus).(Brief Article)
- Article from:
- Black Enterprise
- Article date:
- May 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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We got it wrong. We thought December 2000 was a good time to jump into mid-cap growth funds. That wasn't the case, although it looks to be true now.
Our thinking at the time was this: Funds investing in the growth stocks of mid-range companies had done well during 1999 when they returned an average 65% total return. The streak continued during the first eight months of 2000, with mid-cap growth funds posting an average 43.10% gain, compared to 10.64% for the Standard & Poor's 500 index.
Wall Street calls that kind of thinking momentum investing, just a fancy way of saying that you're using your money to chase trends that have already taken flight. In ...
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Article: BEST POTENTIAL: Fidelity top large-cap growth fund ...
Pensions & Investments;
February 3, 2003 ;
700+ words
... ... return continues to use the downside risk of the fund's benchmark to calculate a risk-adjusted return. The Fidelity Mid-Cap Stock fund exhibited the potential for exceeding the minimal acceptable return of 8% by 10.44 percentage points, and beat its ...
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