3 Large-Cap Growth Funds to Buy as Inflation Cools in April
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
0mins
Source: Business Insider
- Inflation Eases in April: Inflation rates eased in April, with the consumer price index rising 0.3% month over month and 3.4% year-over-year, below expectations.
- Economic Growth Slows: Economic growth slowed in the first quarter to 1.6%, raising concerns about Federal Reserve rate cuts.
- Market Optimism on Rate Cuts: Fresh inflation data renewed optimism for rate cuts, with markets rallying following the release of CPI data.
- Top Mutual Fund Choices: Three large-cap mutual funds - Fidelity Series Blue Chip Growth Fund, Janus Henderson Research A, and T. Rowe Price Blue Chip Growth - are highlighted as strong investment options.
- Benefits of Mutual Funds: The article emphasizes the benefits of investing in mutual funds, such as reduced transaction costs and portfolio diversification without commission charges associated with stock purchases.
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.
