From a Tiny Acorn
Mutual Funds (08/00) Vol. 6, No. 10 p.25; Whelehan, Barbara Mlotek

Since Ralph Wagner began managing Acorn Fund in 1970, the fund's annualized 16.7 percent gain has beaten the Standard & Poor's (S&P) 500 index by 14.4 percent. A $10,000 investment in an index fund based on the S&P would have grown to about $566,000 over 30 years, but in the Acorn fund it would have grown to $1.03 million. The Acorn Fund is also relatively low in risk because Wagner buys and holds for an average of three years to reduce trading costs, and he eyes long-term social, technological, and economic trends and picks companies with superior growth prospects. Some shareholders are beginning to wonder if Wagner's style will be lost when Wagner Asset Management is sold to Liberty Financial.

Back   | Home   |  News Archive