Energy Stocks: Fund and Portfolio Managers

energy stocks: American Funds' Growth Fund of America AGTHX, +0.07% which has a staggering $147 billion in assets, has surpassed the S&P 500 for periods ranging from five to 25 years, according to Market Watch. Jacob Gerber, who works with the 12 portfolio managers of the Growth Fund of America, said the fund has increased its positions in beleaguered energy companies. Even a big fund — in fact, the biggest — can outmaneuver a simple benchmark index like the S&P 500. These companies were beat up, he said in an interview. The fund, started in 1973 by Los Angeles-based Capital Group, also can overweight individual stocks, something an index can't do. It provided an opportunity for this type of fund to be invested in more volatile energy stocks, provided we find the risk-reward attractive. (news.financializer.com). As reported in the news.