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Growth fund question

Paulrm71 · 2015-03-17 21:18:52

I invested in the Axa biotech fund just over a year ago and as of today its up 66%. It does not appear to pay any dividends so looks like a pure growth fund. Apart from keeping to a certain asset allocation limit, is there any point in keeping any profit over and above the original asset allocation? Nobody can predict when…

Comments

bowlhead99 Posts: 12,295 Forumite

18 March 2015 at 11:53AM

True, and its not like they are all on 1000x earnings - their P/Es vary from 13 to 50 which is not outrageous if the earnings can be sustainably grown. Clearly of course there are a few 'chancers' in there which are valued at $$billions but may not last the course.

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