New moniker reflects the fund’s potential suitability as a “core-plus” holding for investors of all ages
WHEATON, IL.—September 6, 2018. Monetta Financial Services, Inc. (“Monetta”), adviser to the Monetta mutual funds, today announced a name change for its Monetta Young Investor Fund to the Monetta Core Growth Fund (MYIFX). The fund’s new name more directly reflects the fund’s “core plus” investment approach and its potential suitability as a core holding for investors of all ages.
Only the fund’s name is changing. The fund’s objective, philosophy and strategy remain the same. The fund employs a diversified indexed component together with an actively managed portfolio of large-cap growth stocks.
“While the genesis of the fund’s name related to our desire to encourage young investors and parents to save for college, our goal has always been to offer a core investment holding that may be well-suited for investors of all ages,” said Monetta Founder and Chairman Robert S. Bacarella.
Bacarella said, “We believe the Monetta Core Growth Fund offers an ideal structure for a core portfolio holding because it provides potential benefits from both traditional stock picking and indexed investing.”
In this context, a recent Financial Planning Association survey asked, “Which type of management style do you think provides the best overall investment performance?” Twenty-two percent of advisors reported “passive”; twelve percent replied “active.” The overwhelming majority think a blend of the two is best.[1]
Mr. Bacarella is a well-known proponent of financial education and helping parents pay for college. Monetta offers young investors financial education materials and access to the SAGE Tuition Rewards® Scholarship Program.
About Monetta
Monetta Financial Services, Inc. is a boutique Registered Investment Advisor founded in 1984 and headquartered in Wheaton, Ill. The firm launched the Monetta Fund in 1986 and the Monetta Core Growth Fund (formerly Monetta Young Investor Fund) in 2006. Learn more at www.monetta.com.
Important Information
The Fund is actively managed. It invests approximately 50% of its assets in exchange-traded funds (“ETFs”).
[1] Data from Financial Planning Association (FPA) Trends in Investing Survey, as of 2017-2018, as reported by Kitces.com: Michael Kitces, July 25, 2018, “Financial Advisor Trends in Constructing Mutual Fund Vs ETF Investment Portfolios.”
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