Will the Real Mid-Cap Blend Fund Please Stand Up?
Eclectic batch of offerings has a diverse group of leaders.
So far this year a more apt name for the mid-blend category, which includes mutual funds that are supposed to buy and sell moderately sized and priced companies, might be the mixed-bag category.
An eclectic array of offerings employing a diverse range of strategies--everything from sleep-robbing sector bets to contrarian stock calls--have led the group thus far in 2000. Indeed mid-blend funds can be a disparate bunch. Some of them ply their charted waters, but, by and large, "most of them are go-anywhere vehicles that combine larger caps and smaller caps and mix growth stocks with value issues," noted Morningstar.com fund analyst Catherine Hickey when she recently laid out her picks for the category.