
old son is fortunate to have $10K and I'd like to invest it into a mutual fund for him. Does anyone have any ideas? I've looked at Columbia Acorn Z (ACRNZ) and T Rowe Price Growth Stock (PRGFX). All perspectives welcome! Thank you.
The mutual fund may be too big to replicate its past, but its future can still be just fine.
SIG SHARES N/A N/A -1.47 3.76 N/A N/A N/A N/A 11.12 11/29/2010 0.20% COLUMBIA ACORN FUND Z SHARES ACRNX ACORN -1.14 7.18 39.46 8.42 6.19 9.21 N/A 6/10/1970 0.76% VALUE VANGUARD VALUE INDEX FUND INST VIVIX VIVX
SIG SHARES N/A N/A -1.47 3.76 N/A N/A N/A N/A 11.12 11/29/2010 0.20% COLUMBIA ACORN FUND Z SHARES ACRNX ACORN -1.14 7.18 39.46 8.42 6.19 9.21 N/A 6/10/1970 0.76% VALUE VANGUARD VALUE INDEX FUND INST VIVIX VIVX
plan: Large Cap: EATON LG CAP VALUE A FID CONTRAFUND NB SOC RESPONSE INV SPARTAN 500 INDEX TRP BLUE CHIP GRTH Mid Cap: COLUMBIA ACORN Z FIDELITY LOW PR STK PERKINS MID CP VAL T SPTN EXTND MKT INDEX Small Cap: BARON SMALL CAP PERKINS SM CAP VAL T International
duties. He covers financial-services stocks.USALAUAXonSupporting PlayerSupportingLike its bigger sibling Columbia Acorn ACRNX , Columbia Acorn USA hunts for fast-growing companies trading at discounts to its manager's estimates of their values
a relative basis. That's because managers Zachary Egan and Louis Mendes use an approach similar to that of Columbia Acorn ACRNX : They run a broadly diversified portfolio of more than 200 stocks and home in on companies that not only boast strong growth
This mutual fund's middle-of-the-pack showing in 2009 is nothing to worry about.
New investors now have to pay a load to buy the fund, and the load shares carry a larger expense ratio than the closed no-load Z shares.Huge asset base could eventually limit flexibility.Proven stock-picking process.Impressive long-term returns with below-average volatility.In September 2003,
contributed most to the firm's impressive showing aren't really part of the Columbia management group in Boston. Columbia Acorn ACRNX is nominally part of Columbia but is run out of Chicago by Wanger Asset Management, which operates separately from the rest