Anything Goes Here's a top-performing fund that's got flexibility on its side.
Opinions expressed by Entrepreneur contributors are their own.
When you don't know which way the wind is blowing on WallStreet, why not go with the flow that flexible funds afford?Flexible funds have the unique ability to invest their assetsanywhere they please among the asset classes. Unlike stock or bondor balanced funds, where prospectuses mandate how much can beinvested in a given asset class, portfolio managers on theseversatile funds have free reign over where and how they invest theshareholders' dollars.
Jim Floyd is one of three portfolio managers on the LeutholdCore Investment Fund (LCORX), one of Lipper's top-performingflexible funds. While the fund is a little pricey-the minimuminvestment is $10,000 for individual accounts-Floyd saysthere's a reason for that. "We're looking for aninvestor who's a little bit more sophisticated, because ourfund is different than most. It's not a specific sector fund ora specific growth or value fund. We can own stocks, bonds, realestate, or most anything that we think has a good risk/rewardprofile."
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Access to all of our premium content and an ad-free experience
- A complimentary subscription to Entrepreneur Magazine
- Four free e-books a year and 20% off everything from our bookstore
- Exclusive events with business celebrities and successful entrepreneurs