Marsico 21st Century
Fund Symbol: MXXIX
Type: Large-Company Stock Fund
Tom Marsico has made a name for himself investing in large, rapidly growing companies, first at Janus and later at his own shop, where he now manages Marsico Growth and Marsico Focus with aplomb. Marsico 21st Century borrows some of the best ideas from the resources, such as Goldman Sachs and Wells Fargo, and mixes in some stocks of medium and small businesses. Managed by Cory Gilchrist, 21st Century 16% annual returns over the past five years (ending March) trounced the gain of the Standard & Poor's 500-stock index by an average of nine percentage points per year.
All the Marsico funds employ big-picture forecasting and company-by-company analysis. For example, Gilchrist says he was attracted by Moody's because of the rating agency's overseas expansion and the dizzying proliferation of debt instruments to be assessed. New management is revitalizing Heineken, the venerable Dutch beer brand that has a strong position in these emerging markets like Russia and Nigeria, where growing wealth means more money available for premium brews (Marsico 21st Century has 14% of assets in foreign equities ).
Top No Load Mutual Funds
No comments:
Post a Comment