Experience Counts

Finding stability in an unstable market
This story first appeared in the July 2001 issue of Entrepreneur. To receive the magazine, click here to subscribe.

This year's markets have been sloppy, which makes calling the 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 fund that's been managed by the same guy, Richard Freeman, since its inception in 1983. It has a five-star Morningstar rating and a typically low portfolio turnover rate, making it extra appealing when holding it outside of a qualified retirement account.

Freeman likes to invest in companies when they're small and hold on to them as they grow into mid- and large caps. As of April 30, about 35 percent of the portfolio was made up of large-cap companies purchased when they were small or midsized companies.

With the fund's weightings heavy into health care and technology, its performance has gotten beat up as of late April-but then again, what funds investing heavily in those sectors haven't? If you're a fan of multicap investing and like great 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 average annual return, 27.4% 5-year average
annual return
Web site:www.salomonsmithbarney.com/mutualfunds

Author and syndicated columnist Dian Vujovich publishes fund-investing site www.fundfreebies.com.

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