Value Line’s Health objective group is a fairly small, yet surprisingly diverse, collection of mutual funds. Clearly, the funds in this category invest the vast majority of their assets in healthcare and related businesses. That said, there are a number of variations within what would seem an otherwise narrow space.

Value Line’s Aggressive Growth objective group is, by design, fairly broadbased. It is meant to house any equity fund that invests predominantly in higher-risk common stocks or that has a stated policy of maximum growth without regard to income or time horizons. This clearly covers a lot of ground.

The Value Line Convertibles objective group covers mutual funds that invest the majority of their assets in an unusual and relatively obscure asset class—convertible bonds and convertible preferred stocks. Indeed, convertibles are a mixture of a bond (or a preferred stock) and a warrant to purchase common stock in the issuing company. This creates a hybrid security with both bond and equity-like features. 

Calamos Evolving Growth Fund (CNWGX) is a good place to find the kind of U.S. listed companies with emerging market exposure that Calamos Asset Management believes have compelling long-term growth prospects.

Whitney George, the Co-Chief Investment Officer of Royce Funds, recently put out a note highlighting the technology sector as an interesting one to look to for investment options. Since we think this well-known investor is worth listening to, we took a look at Royce Low-Priced Stock Fund, one of the many he oversees, to find a few companies that seemed to fit this theme.