That's a shame, because Narang has steered the fund to a sparkling performance that's clobbered the S&P 500 and a dominant tech-focused ETF: the PowerShares QQQ ETF (NASDAQ: QQQ ) : Obscure Fund Laps the Competition If you think Columbia delivers those returns with a bunch of high-risk investments, think again. (An aside: I just recommended another unusual fund that lets you buy blue chips like these-including shares of Warren Buffett's Berkshire Hathaway-at a 17% discount. These are all large cap stocks with tremendous dividend history and financial responsibility, but HCPIX is turning those picks into market-busting returns.