Here is the synopsis of our sample research paper on Vanguard Specialized Health Care Fund (Mutual Fund). Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 6 page paper evaluating the long-term performance of this mutual fund. Investing in major drug firms, health service organizations (i.e., HMOs) and medical equipment
manufacturers and distributors, this fund shows promise for continued growth regardless of whatever level of volatility exists in the stock market at any given time. This fund
consistently has been rated in the top ten performing mutual funds since 1986, not only overall but in all categories of one, three, five and ten years, averaging more than 26 percent return annually for five years. The paper concludes that this fund is a wise choice if the investor is seeking a proven fund with the objective of long-term growth. Bibliography lists 7 sources.
Page Count:
6 pages (~225 words per page)
File: D0_Vanguard.doc
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Unformatted sample text from the term paper:
in any circumstances, but those ten years included the crash of 1987; the bad years of 1990 and 1994; as well as the good years of 1991 and 1995.
With the rapid growth of the stock market, there are myriad new funds available, many of which are headed by managers without a great deal of experience. Moneys criteria
included all likely scenarios to which a fund manager would have to react. Only six of the available 9,000 funds made the list, and Vanguard Specialized Health Care was
one of them. Not only did Vanguard Specialized Health Care meet the criteria, the fund also surpassed the annualized return threshold with its 18.2 percent annual gain for the period.
In addition to posting such impressive gains, the fund also operated at a much lower rate of risk than did many others, including those considered to be more conservative
than Vanguard Specialized Health Care. It was not only the ten-year category in which the fund placed in the top ten funds-it also placed in the top ten for
each of the past one, three and five year periods (Fried, 1996). Manager Edward Owens takes a unique approach to combining diversity with sector investing. Of course all of
the stock holdings of the fund are in the health care field, but they can be broken down into five broad categories. The following table reflects those five categories
and the position each holds in the total makeup of the fund: Category Percent of Total Major Drug Firms 27.0 Medical Product Manufacturers 18.0 Other Pharmaceuticals 18.0 Specialty Drug Firms 13.0 Health Service Firms 12.5
(Source: Money, 1996) The fund is brokered by American Century Brokerage, Pershing division of DLJ, Schwab Retail, Waterhouse Securities, Vanguard of course, and others. The fund
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