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Liberty Acorn Twenty Stands Tall in 2000

Youthful Acorn Twenty rides strong picks to solid gains.

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Liberty Acorn Twenty (ACTWX) hasn't been around long enough to draw many conclusions from its performance, but it has put up strong numbers in 2000. For the year to date through December 18, 2000, it has returned 6.7%, besting two thirds of its peers in the mid-cap blend category. With just 20 names in its portfolio, several strong picks have helped the fund considerably in 2000, as has an underweighting in the slumping technology sector.

In particular, manager John Park has hit on winners such as Dynegy (DYN), SEI Investments (SEIC), Waters (WAT), and TCF Financial (TCB), all of which have delivered superb returns thus far in 2000. Park says he picked SEI Financial, which is up more than 150% for the year to date, in part on the recommendation of Rob Mohn, Acorn's financial analyst and the manager of Liberty Acorn USA (AUSAX). At the time he bought the firm, he says it was considered primarily a provider of accounting systems to the financial services industry, but Mohn and Park saw "huge asset inflows" to its money management business that they thought would drive future earnings growth.

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