They aren’t low-risk penny stocks but they’re still small enough that they can potentially double or triple in value. The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) could be a great option for growth investors as it holds a good mix of growth stocks that aren’t terribly expensive and that are from a variety of different sectors.
The fund itself is up a much more modest 9%, slightly outperforming the S&P 500’s 7% returns. However, that’s also because the fund is so diversified – its top holding is just 2.45% of its total assets. And its top 10 holdings only make up for 10.83% of all assets.
The ETF’s a good way option if you want something with more potential growth and upside than the S&P 500.