One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund.
The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein.
"We're trying to combine value with momentum and some growth," Kelley said.
Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use.
It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.
Persons:
Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't
Organizations:
Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters
Locations:
United States