13 Gold-Rated Mid-Cap Funds
Mid-caps offer good risk/reward potential, but check your existing exposure before buying a dedicated fund.
A press release recently piqued my interest. It described a podcast collaboration between actress Elizabeth Banks and State Street Global Advisors as a way to "raise awareness of the strong performance of several mid-cap companies that make up the SPDR S&P MidCap 400 ETF (MDY)."
I'm sorry, "raise awareness"? This advertisement disguised as a public service announcement made me laugh a little to be honest, though I do find Elizabeth Banks charming. I also wondered, why MDY and not SPY? If a novice investor buys a mid-cap fund and nothing else, their portfolio is more risky than it would be if they owned only the SPDR S&P 500 ETF (SPY).
Karen Wallace has a position in the following securities mentioned above: POAGX. Find out about Morningstar’s editorial policies.