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IBD: Paul Katzeff: MainStay Mutual Fund Enjoying Big Rally, With Stocks Like Alibaba
FYI: After a ho-hum 2016, $12.1 billion MainStay Large Cap Growth Fund (MLAAX) is having a hi-ho 2017. The fund's 2.62% setback last year badly lagged the S&P 500's 11.96% gain. It trailed 90% of its large-cap growth peers tracked by Morningstar Inc. But its 21.24% gain this year going into Thursday more than doubled the big-cap bogey's 10.32% return and trumped 89% of its direct rivals. Regards, Ted http://www.investors.com/etfs-and-funds/mutual-funds/mainstay-mutual-fund-enjoying-big-rally-with-stocks-like-alibaba/
