Mainstay Growth is trading at 16.16 as of the 26th of February 2025; that is No Change since the beginning of the trading day. The fund's open price was 16.16. Mainstay Growth has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 27th of January 2025 and ending today, the 26th of February 2025. Click here to learn more.
The fund is a fund of funds that seeks to achieve its investment objective by investing in mutual funds and ETFs managed by New York Life Investments or its affiliates. It seeks to achieve its investment objective by normally investing substantially all of its assets in underlying equity funds . More on Mainstay Growth Allocation
Mainstay Growth Allocation [MGXBX] is traded in USA and was established 26th of February 2025. Mainstay Growth is listed under New York Life Investment Management LLC category by Fama And French industry classification. The fund is listed under Allocation--85%+ Equity category and is part of New York Life Investment Management LLC family. This fund now has accumulated 420.75 M in assets with no minimum investment requirementsMainstay Growth Allo is currently producing year-to-date (YTD) return of 4.01%, while the total return for the last 3 years was 5.45%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mainstay Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mainstay Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mainstay Growth Allocation Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mainstay Growth Allocation Mutual Fund Constituents
Other Information on Investing in Mainstay Mutual Fund
Mainstay Growth financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Growth security.