Summary of Shades of Growth

Mixing It Up

Few fund managers stick to just one kind of growth strategy. Instead, most blend a variety of stock-picking approaches. Some, for example, buy both core stocks—companies that grow slowly and reliably—and faster-paced momentum names. Others primarily invest in growth-at-a-reasonable-price-type stocks. Still others of the latter type have owned names without earnings. Thanks to this diversity, these funds can perform better than their narrower peers across a wider variety of market environments.