The largest fund is Fidelity Contrafund (FCNTX), which has about $41 billion under management. FCNTX invests in companies that it thinks are undervalued.
It might be popular, but it's also a Zacks #4 Rank ("sell") fund. So, you may want to instead look atWaddell & Reed InvestEd Conserv A (), Oppenheimer Absolute Return A (OARAX), PMFM Managed Portfolio Trust A (ETFFX) or Highland Equity Opps Fund A (HEOAX) instead.
I was able to find these alternatives in seconds by using our Find Similar Funds Tool. This tool shows you similar funds with a better Zacks Mutual Fund Rank.
No Need To Switch Fund Families
Even if you want to stay with a specific fund family, you can still find better funds to own.
For example, say you are invested in American Funds Capital Inc. Builder (CAIBX). After calling up a quote for it, you see that it's a Zacks #2 Rank ("buy") fund. You could hold onto it, or you could type in the ticker in our Research By Family tool and find Zacks #1 Rank ("strong buy") funds, like American Funds AMCAP (AMCPX), which is Zacks #1 Rank stock. Again, it only takes seconds to do this.
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