Best and Worst Investments of 2012

By Ben Steverman - 2012-12-12T21:04:13Z

Photograph by David Maitland/Getty Images

Company Symbol % Change
7 of 18

Worst Equity Mutual Fund

Federated Prudent Bear Fund


Gold mining companies make up the only stock holdings in the Federated Prudent Bear Fund (BEARX) because its goal is to profit from a falling stock market. That strategy suffers in years such as 2012, when stocks rise.

Universe and criteria: 1,200 open-ended, U.S.-based equity mutual funds with assets of $500 million or more.