Mutual Fund Investing
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May 20, 2013 - Top 5 #1 Ranked Precious Metals Funds - Review Complete Article Below
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What Is A Mutual Fund?
An investment instrument that consists of a pool of funds from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar investment assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.
One of the main benefits of mutual funds is that they provide small investors access to professionally managed, diversified investment portfolios of equities, bonds and other securities, which would be quite difficult if potentially impossible to create with a small amount of capital. Each investors participates proportionally in the gain or loss of the fund. Mutual fund units, or shares, are issued and can typically be purchased or redeemed as needed at the fund's current net asset value (NAV) per share, which is sometimes expressed as NAVPS.
May 20, 2013 - Top 5 #1 Ranked Precious Metals Funds by Zacks Investment Research
Precious metals have always been a solid investment choice, especially in times of economic uncertainty. They also offer superior protection against inflation, which cannot be said of almost all other reasonably liquid assets. Consequently, they outperform other sectors during a market downturn, as they have demonstrated in the recent past. Since they hold well diversified portfolios and are professionally managed, precious metals funds offer the most stable option for investments in this sector.
Below we will share with you 5 top rated precious metals mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all precious metals funds, investors can click here to see the complete list of funds.
American Century Global Gold ( BGEIX ) seeks capital growth and dividends. The fund purchases securities issued by companies whose principal operations involve mining, processing and distributing gold and precious metals. The precious metals mutual fund is non-diversified and has a ten year annualized return of 8.29%.
The precious metals mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.69% compared to a category average of 1.42%.
OCM Gold Investor ( OCMGX ) invests in domestic and foreign companies regardless of their market capitalization in the gold mining industry. It focuses on purchasing common stocks and may also invest in precious metals producers. The precious metals fund is non-diversified and has a ten year annualized return of 9.53%.
As of April 2013, this precious metals fund held 42 issues with 16.37% of its total assets invested in Goldcorp, Inc.
Fidelity Select Gold ( FSAGX ) seeks capital growth. The fund invests the majority of its assets in companies whose principal operations are related to gold, and in gold bullion and coins. A maximum of 25% of the fund’s assets may be invested in gold and other precious metals through a wholly-owned subsidiary. The precious metals fund is non-diversified and has a ten year annualized return of 8.46%.
The fund manager is Joe Wickwire and he has managed this precious metals mutual fund since 2007.
Gabelli Gold AAA ( GOLDX ) invests the majority of its net assets in equity instruments of both domestic and foreign companies which engage in gold-related activities. It invests both mature markets and emerging economies. The precious metals fund has a ten year annualized return of 9.99%.
The precious metals mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.48% compared to a category average of 1.42%.
U.S. Global Investors Gold and Precious Metals ( USERX ) seeks capital appreciation over the long term. The fund invests a large proportion of its assets in companies whose primary operations are related to gold and other precious metals. The precious metals fund is non-diversified and has a ten year annualized return of 13.69%.
The fund manager is Frank E. Holmes and he has managed this precious metals mutual fund since 1999.
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April 10, 2013 - Top 5 #1 Ranked Growth Mutual Funds by Zacks Investment Research
When capital appreciation over the long term takes precedence over dividend payouts, growth funds become a natural choice 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 when investing in these securities. This is because they may experience relatively more fluctuations than other fund classes.
Below we will share with you 5 top rated 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 growth funds, investors can click here to see the complete list of funds.
Frost Growth Equity A ( FACEX ) invests the majority of its assets in equity securities. It focuses on those companies which have the potential to earn higher revenues and earnings. It may also invest in domestic and foreign equity securities as well as American Depositary Receipts (ADRs).The growth mutual fund has a one year annualized return of 4.73%.
Alan Tarver is the fund manager and he has managed this growth mutual fund since 1981.
Fidelity Growth Company ( FDGRX ) seeks capital growth. It invests a large share of its assets in common stocks of growth-oriented companies. The fund invests in both domestic and foreign securities. It selects those securities for its investment that have significant growth potential. The growth mutual fund has a one year annualized return of 6.74%.
As of February 2013, this growth mutual fund held 327 issues, with 5.10% of its total assets invested in Apple Inc.
Pioneer Select Mid Cap Growth A ( PMCTX ) invests the majority of its assets in mid cap stocks. The companies selected for its investment must have market capitalizations within the range of Russell Midcap Growth Index. The growth mutual fund has a one year annualized return of 5.48%.
The growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.16% compared to a category average of 1.36%.
Nicholas ( NICSX ) seeks capital growth over the long term. The fund invests a large share of its assets in common stocks which have significant growth potential. It concentrates on acquiring securities of domestic companies regardless of their sizes. The growth mutual fund has a one year annualized return of 24.25%.
Albert O. Nicholas is the fund manager and he has managed this growth mutual fund since 1969.
Praxis Growth Index A ( MGNDX ) invests predominantly in equity securities of domestic companies. It tries to replicate similar performance as that of Standard & Poor’s 500 Growth Index by investing in similar companies that are included in the index. The growth mutual fund has a one year annualized return of 11.04%.
The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.08% compared to a category average of 1.26%.
To view the Zacks Rank and past performance of all growth mutual funds, investors can click here to see the complete list of funds.
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.
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