US Mid Cap Growth

A Risk-Managed Approach to Investing in Growth & Innovation


Target - Outperform benchmark over a full market cycle, while managing risk.


Benchmark - Russell Mid cap Growth Index


Inception date - September 1, 1990


Vehicles - Separate Account and Collective Investment Trust and Mutual Fund (Y and K shares)

The US Mid Cap Growth Strategy combines a core allocation to established growth companies with a measured allocation to companies that are emerging and/or experiencing structural change.

Ken Winston

Senior Vice President
Lead Portfolio Manager


Shaji John

Vice President
Portfolio Manager


David Sobell

Vice President
Portfolio Manager



We believe in:

Focusing on Advantaged Companies:

  • Companies with a competitive advantage and / or a unique set of assets, a strong business model, an attractive industry structure, and multiple avenues for growth.

Employing a Diversified1 Approach:

  • We diversify by maintaining exposure to four distinct areas of growth companies and limiting stock specific risk.

Maintaining a Valuation Discipline

  • For every company in the portfolio we assess the intrinsic value and determine whether the company has an upside / downside potential that is at least 2-1.

1 Diversification does not guarantee a profit or protect against a loss.

PLEASE NOTE:  The Internal Guidelines referenced do not necessarily represent prospectus / statutory limitations.These internal guidelines are used as guidance in the daily management of the Portfolio's investments.These guidelines are subject to change and should not be relied upon as a long term view of the Portfolio's exposures, limitations, and / or risks.

Why Amundi US?

We seek to identify industry tailwinds and companies well-positioned to benefit from structural changes using fundamental analysis.We focus our analysis on companies that we believe can achieve growth over time as well as companies that we believe are on the verge of achieving fundamental business improvement (often as a result of industry change).

Key features of the US Mid Cap Growth Strategy include:

Strategic Asset Allocation:  The Strategy allocates assets strategically across four growth areas with the goal of providing a risk managed exposure that combines a core allocation to established growth companies with a measured allocation to companies that are emerging and / or experiencing structural change:

  • Compounding Growth
  • Classic Growth
  • Emerging Growth
  • Structural Growth Beneficiaries

Risk is Quantified for Every Holding: The portfolio managers typically require that new holdings have at least 2: 1 upside potential versus downside risk under bull and bear case assumptions.

An Experienced Sector-Focused Portfolio Management Team: Ken Winston, Shaji John and David Sobell are co-portfolio managers on the Strategy.Ken covers the information technology, communication services, and consumer sectors.Shaji covers Industrials and Materials.David Sobell covers the health care sector.The sector expertise of each of the portfolio managers allows them to add value beyond what a typical portfolio manager with only general knowledge of sectors and stocks would be able to add.