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Fund Times

Fund Times: Openings, Closings, & Manager Changes

Hartford, Merrill Lynch, Pioneer, Putnam, ProFunds, AIM, Schwab, and others.

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A Few (Very Few) All-Weather Growth Funds
Not many funds that buy big, fast-growing stocks look as good as they used to. Offerings like Janus Twenty (JAVLX) and Fidelity Aggressive Growth (FDEGX), which seemed like sure things when large-cap technology stocks flourished in the late 1990s, appear sickly and uncertain now that the group has sustained more than two years of harrowing losses.

In fact, you can count on one hand the number of funds that have posted above-average category returns before and after the bear market. The only funds that landed in the top half of their category in each year from 1997 through 2001 and this year through June 5 are GMO Growth III  (GMOGX), Heritage Growth Equity (HGEAX), Janus Growth & Income  (JAGIX), and Merrill Lynch Fundamental Growth  (MCFGX), according to Morningstar's database.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.