Hartford Growth Opportunities
Category: Large Growth
Fund Return for 2012: 25.86%
Category Return for 2012: 15.11%
Assets Under Management: $2 billion
Large-cap companies are a magnet for investors looking for stability — a trend that has tipped the scales in favor of the Hartford Growth Opportunities Fund (MUTF:HGOAX).
Hartford Growth Opportunities takes a riskier growth approach, but has been rewarded by hot holdings like Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY) and even LinkedIn (NYSE:LNKD), which have seen respective growth of 47%, 60% and 90%!
Though HGOAX’s aggression is a bit toned down since its 2008 days — after HGOAX took a 45% beating compared to a 37% drop in the S&P 500 — heavy holdings in tech and consumer cyclicals means investors still can expect a fair share of volatility.
HGOAX’ load-waived A shares charge 1.22% in fees and require a $2,000 minimum investment.