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13 Gold-Rated Mid-Cap Funds

Mid-caps offer good risk/reward potential, but check your existing exposure before buying a dedicated fund.

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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)

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Karen Wallace has a position in the following securities mentioned above: POAGX. Find out about Morningstar’s editorial policies.