The Best Mutual Funds
After a year like 1995, who's going to complain? Diversified equity mutual funds, the meat and potatoes of most investors' portfolios, earned an average return of 32.1%, including dividends and capital gains. Think your funds' managers are so smart? Think again. The Standard & Poor's 500-stock index recorded a smashing 37.5% return, and it beat more than 80% of the mutual-fund managers. Even with its stock-picking smarts and trading prowess, the $53.7 billion Fidelity Magellan Fund came close but could not beat the market.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’