What are the best-performing growth stock funds in 2023?

Some of the best-performing growth stock funds are finishing 2023 with gains of more than 50% thanks in large part due to big holdings from among the “Magnificent Seven” names that posted huge gains earlier this year. Among 2023′s best-performing funds: Baron Fifth Avenue Growth BFTIX, up 57.9%, and Fidelity Blue Chip Growth ETF FBCG, up 57.2%.

How did growth stock funds perform in 2023?

In 2023, growth-stock funds reclaimed their top-performing ways, having been bloodied during the 2022 bear market. Some of the best-performing growth stock funds are finishing 2023 with gains of more than 50% thanks in large part due to big holdings from among the “Magnificent Seven” names that posted huge gains earlier this year.

Do growth funds hold an advantage in 2023?

Zooming out over five years, growth funds hold an advantage. Source: Morningstar Direct. Data as of Dec 17, 2023. Heading into 2023, the outlook for stocks was dim, with investors focused on the Federal Reserve’s ongoing interest-rate hikes, high inflation, and the possibility of recession.