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.
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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