The World According to GARP Discerning this fund's facts from fiction
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One of the great things about a market that has toppled from very lofty heights is the opportunity it holds-particularly for those who don't mind taking risks in the large-cap arena and prefer investing in growth stocks that are priced right.
52% of investors say they've had to reduce personal discretionary spending because of rising energy costs. |
Jay Sekelsky, portfolio manager of the Mosaic Focus Fund, is a growth at-a-reasonable-price (GARP) investor. Because his portfolio is a focused one, typically holding between 12 and 18 stocks, it's considered riskier than those holding more names. That's not necessarily a bad thing, however: According to Lipper Analytical Services, the fund was up more than 5.35 percent in June, while most large-cap growth funds were down more than 13 percent. And, while the holdings are limited, the companies in it are made up of familiar brand names: McDonald's and Target, to name a few.
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