04.02.2010 / Posting by David Jordan, CFA, Portfolio Manager, Tributary Capital Management.
The Mid Cap Growth Strategy invests in medium sized companies that we expect to grow faster than others in their industry over a three to five year time horizon. Common attributes of companies in the strategy are technological leadership, innovation, lower cost production, superior marketing, management vision or some other competitive advantage that enables the company to gain market share. Selected companies should demonstrate faster growth in both revenues and earnings than their peer group.
Another attribute of companies selected for the strategy is the valuation of their shares must be reasonable relative to earnings, sales and the prospective growth rate of the company. The strategy is currently positioned for an economic rebound, focusing on economically sensitive sectors, anticipating the economic and corporate earnings rebound to continue in 2010. The strategy has gotten off to a good start in 2010, benefitting from strong security selection and sector allocation decisions.
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Comments are provided as general market commentary and should not be considered investment advice or predictive of any future market performance. Past performance does not guarantee future results.
Investments are: Not FDIC Insured • May Go Down in Value • Not a Deposit • Not Guaranteed By the Bank • Not Insured By Any Federal Government Agency


