Multicap Mutual Funds Outperform

Meg Richards, The Associated Press, makes the case for multicap mutual funds in this article from the News Tribune. Citing Lipper, she says "Multicap funds gained 13.97 percent over the past three years, compared with a 10.47 percent advance for large-cap funds... Five-year annualized returns, which include the post-bubble downturn, show a 3.07 percent drop for large-caps, but a more modest 0.51 percent decline for multicaps. The multicap edge is reflected over longer time frames, as well." Richards also spotlights three "Multicap Standouts," including two no-load funds, The Hodges Fund (HDPMX), and Muhlenkamp Fund (MUHLX), and the Legg Mason Opportunity Trust, with a maximum deferred sales load of 1.00% (LMOPX).

(permalink)

(May '04-Jun '05)