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Written by Travis Morien
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In case GARP wasn't enough to blur the lines there are a number of funds that do not profess to follow any particular strategy, or to use any of them. Opportunistic funds buy value stocks and growth stocks and growth stocks at reasonable prices and may even use specialist strategies like arbitrage. In reality the distinction between "growth" and "value" is artificial. A stock that grows rapidly can trade at a discount to intrinsic value, in which case it is both. At the same time very cheap stocks can spring out of the blocks and make a massive and very rapid recovery that will eclipse the "growth" stocks. So as not to have to limit themselves to a specific approach, opportunistic investors and funds buy something if it is good from a variety of points of view.
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