3 Empower Mutual Funds to Add to Your Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
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Source: NASDAQ.COM
Empower Mutual Funds Overview: Empower offers over 40 mutual funds managed by Empower Capital Management, with a focus on various asset classes and strategies, managing $125 billion in assets. Three recommended funds for long-term investment are the Empower Small Cap Value Inv (MXLSX), Empower Large Cap Value Inv (MXEQX), and Empower Large Cap Growth Inv (MXLGX), all of which have strong performance metrics and low expense ratios.
Fund Performance Highlights: The MXLSX fund has annualized returns of 6.3% and 10.9% over three and five years, respectively, while MXEQX shows returns of 9.6% and 14%, and MXLGX boasts returns of 8% and 17.6%. Each fund is led by experienced managers and holds significant investments in well-known companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
