For years, investors have been waiting for a revival of growth funds. The moment may have arrived. During the first seven months of 2007, large-cap growth funds outdid large-cap value by more than 3 percentage points. But growth funds can be volatile. To participate in a growth rally — without taking too much risk — try one of these funds.
They have below-average standard deviation for the category, and above-average returns for 2002 through 2007, as well as 2000 and 2002, when the market tanked.
|Fund||Ticker||Standard Deviation||2000 Return||2002 Return||5-year Return||Category % Rank 5-Year Return|
|American Funds Growth Fund of America||AGTHX||12.0||7.5%||-22.0%||13.7%||5|
|FMI Provident Trust Ivy Cap||FMIRX||9.6||-16.3||-16.3||13.3||6|
|Source: Morningstar; Returns through 6/30/07.|