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5 Best-Rated Large-Cap Growth Mutual Funds For High Returns

Growth funds become a natural choice for investors when capital appreciation over the long term takes precedence over dividend payouts. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms whose values are 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 prerequisites of investing in these securities. This is because they may experience relatively more fluctuations than other fund classes. Meanwhile, large-cap funds are an ideal investment option for investors looking for high-return potential that comes with lower risk than small-cap and mid-cap funds. These funds have exposure to large-cap stocks, providing long-term performance history and assuring more stability than what mid caps or small caps offer. Below we will share with you 5 top-ranked large-cap growth mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) as we expect these mutual funds to outperform their peers in the future. Nationwide Growth A (MUTF: NMFAX ) seeks long-term capital appreciation. NMFAX invests in common stocks of large-cap and mid-cap companies. NMFAX invests in those companies whose earnings are anticipated to grow at a faster rate than those of other companies. NMFAX may get involved in frequent trading of portfolio securities. The Nationwide Growth A fund returned 10.1% in the last one year. As of September 2015, NMFAX held 82 issues with 7.07% of its assets invested in Apple Inc. (NASDAQ: AAPL ). Nuveen Growth A (MUTF: NSAGX ) invests a major portion of its assets in equity securities of companies having market capitalizations similar to companies listed in the Russell 1000 Index. NSAGX may invest up to 25% of net assets in non-US equity securities that are US dollar-denominated. The Nuveen Growth A fund returned 10.7% in the last one year. Robert C. Doll is the fund manager and has managed NSAGX since 2012. Goldman Sachs Large Cap Growth Insights A (MUTF: GLCGX ) seeks long-term capital appreciation. GLCGX invests a large portion of its assets in a broadly diversified portfolio of equity investments in large-cap US issuers and non-US issuers traded in the US. The Goldman Sachs Large Cap Growth Insights A fund returned 10.6% in the last one year. GLCGX has an expense ratio of 0.96% as compared to the category average of 1.19% T. Rowe Price Tax-Efficient Equity (MUTF: PREFX ) invests in high-quality companies that are believed to have impressive fundamentals, revenue growth, earnings and strong management. Though PREFX invests primarily in domestic companies, it may also invest in non-US companies. The T. Rowe Price Tax-Efficient Equity fund returned 13.6% in the last one year. Donald J. Peters is the fund manager and has managed PREFX since 2000. Vanguard US Growth Investor (MUTF: VWUSX ) seeks long-term growth of capital. VWUSX invests in large-capitalization stocks of seasoned US companies with records of superior growth. VWUSX chooses companies with strong positions in their markets and reasonable financial strength. The management invests in stocks of large capitalization companies that offer the best available combination of relative earnings growth and attractive valuation. VWUSX distributes dividends and capital gains in December. The Vanguard US Growth Investor fund returned 14.2% in the last one year. VWUSX has an expense ratio of 0.44% as compared to the category average of 1.19%. Original Post

Despite Concerns, Investors Take A Risk-On Approach To Fund Investing

By Tom Roseen Banking on the recent three-week rally in equities, supported by better-than-expected first-time jobless benefit claims, a jump in home builder confidence in October, hopes that Beijing would continue to provide more stimuli to the Chinese economy, and housing starts being near eight-year highs, investors took a risk-on approach to fund investing during the fund-flows week ended October 21, 2015, injecting a net $6.3 billion into conventional funds and exchange-traded funds (ETFs). Investors turned their back on money market funds, redeeming $2.6 billion for the week, but they were net purchasers of the other three fund macro-groups, injecting some $4.4 billion into taxable bond funds, $4.3 billion into equity funds, and $0.2 billion into municipal bond funds for the week. For the third consecutive week taxable bond funds (including conventional funds and ETFs) witnessed net inflows of a little less than $4.4 billion, their largest weekly inflows since the week ended May 20, 2015. As fund investors became more risk seeking, they padded the coffers of corporate high-yield debt funds, which attracted the largest amount of net new money for the week of the major fixed income groups, taking in $3.3 billion (their second largest weekly net inflows on record and the largest since October 26, 2011). (click to enlarge) Source: Thomson Reuters Interestingly, the risk-on mentality was not equally applied to the equity side of the business. While authorized participants (APs) injected $4.5 billion into equity ETFs for the week, conventional fund investors were net redeemers of equity funds, withdrawing $0.2 billion from the group. Despite continued concerns about the Q3 earnings season and in anticipation that the Federal Reserve may delay raising interest rates until 2016, APs were net purchasers of domestic equity ETFs (+$3.2 billion), injecting money into the group for a second consecutive week. They also padded the coffers of nondomestic equity ETFs (to the tune of +$1.3 billion) for the sixth week running. In contrast, on the conventional funds side of the business, domestic equity funds-handing back $0.8 billion-witnessed their fourth consecutive week of net outflows. Meanwhile, their nondomestic equity fund counterparts witnessed $646 million of net inflows-attracting money for the first week in four.