In today’s Barron’s, investors will find the annual Lipper/Barron’s Fund Families Survey. that survey, a pretty comprehensive look at performance of mutual fund families across different asset classes and investment strategies.

This year take-aways:

• Growth worked: Those funds that performed best definitely had a bias towards growth.
• International exposure: Funds that bought stocks with substantial foreign operations fared better.
• Avoiding pitfalls: Underexposure to potential “minefields like major banks, housing companies, and retailers” helped boost performance.
• High grade: Those funds that owned highest-quality bonds performed
  best.

Waddell & Reed (NYSE: WDR) placed first in 2007 betting on companies participating in “major infrastructure plays all through the world,” like Fluor Corp. (NYSE: FLR) and Deere & Co. (NYSE: DE). Check out the Waddell & Reed Dividend Income Fund (WDVAX).

Continue reading Barron’s says growth funds are back

Original post by Zack Miller

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