Mutual Funds: Time for Value
Based on BW's annual report on the best equity funds (see BW, 1/29/01, "The Best Mutual Funds"), Der Hovanesian reports that the average diversified fund actually did better than the leading market averages in 2000. Not surprisingly, the worst performance was turned in by tech funds, down 33%. Funds specializing in the health-care, financial, and real estate sectors all did well, however.
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