Experience Counts
Finding stability in an unstable market
Opinions expressed by Entrepreneur contributors are their own.
This year’s markets have been sloppy, which makes callingthe good funds nearly impossible. Instead of looking for hot funds,consider one with a great long-term track record.
The Smith Barney Aggressive Growth Fund is a workhorse fundthat’s been managed by the same guy, Richard Freeman, since itsinception in 1983. It has a five-star Morningstar rating and atypically low portfolio turnover rate, making it extra appealingwhen holding it outside of a qualified retirement account.
Freeman likes to invest in companies when they’re small andhold on to them as they grow into mid- and large caps. As of April30, about 35 percent of the portfolio was made up of large-capcompanies purchased when they were small or midsized companies.
With the fund’s weightings heavy into health care andtechnology, its performance has gotten beat up as of late April-butthen again, what funds investing heavily in those sectorshaven’t? If you’re a fan of multicap investing and likegreat portfolio managers who’ve been at the helm for a while,this fund is worth a close look.
Smith Barney Aggressive Growth Fund(SHRAX)
Performance: 31% 3-year averageannual return, 27.4% 5-year average
annual returnWeb site:www.salomonsmithbarney.com/mutualfunds
Author and syndicated columnist Dian Vujovich publishesfund-investing site www.fundfreebies.com.
This year’s markets have been sloppy, which makes callingthe good funds nearly impossible. Instead of looking for hot funds,consider one with a great long-term track record.
The Smith Barney Aggressive Growth Fund is a workhorse fundthat’s been managed by the same guy, Richard Freeman, since itsinception in 1983. It has a five-star Morningstar rating and atypically low portfolio turnover rate, making it extra appealingwhen holding it outside of a qualified retirement account.
Freeman likes to invest in companies when they’re small andhold on to them as they grow into mid- and large caps. As of April30, about 35 percent of the portfolio was made up of large-capcompanies purchased when they were small or midsized companies.
With the fund’s weightings heavy into health care andtechnology, its performance has gotten beat up as of late April-butthen again, what funds investing heavily in those sectorshaven’t? If you’re a fan of multicap investing and likegreat portfolio managers who’ve been at the helm for a while,this fund is worth a close look.
Smith Barney Aggressive Growth Fund(SHRAX)Performance: 31% 3-year averageannual return, 27.4% 5-year average
annual returnWeb site:www.salomonsmithbarney.com/mutualfunds
Author and syndicated columnist Dian Vujovich publishesfund-investing site www.fundfreebies.com.
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