Incredible Statistic: Mutual Fund Performance
Wow:
"Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date, according to investment researcher Morningstar Inc."
That's amazing.
>
Source:
Up and away: Eaton Vance's Tooke is that rare stock-fund manager still in the plus column
Jonathan Burton
MarketWatch, 5:22 p.m. EDT Aug. 27, 2008
http://preview.tinyurl.com/17of2100
Thursday, August 28, 2008 | 03:00 PM | Permalink
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Comments
As Jeff Saut says, this is a trader's mkt. Investors (like me) are having a tough time of it this yr. Even Heebner (CGM) is down so far YTD for Focus fund, I believe. Good year for a good FoF, commodities, and cash... We may see some improvement up to Nov. elections, but I'm in the J. Grantham camp in that I don't expect improvement until 2010. So goes housing, so goes the nation... Good luck to all. ps: CPI & Q2 GDP are obviously fudged. Need accurate metrics.
Posted by: fudged_numbers | Aug 28, 2008 3:12:21 PM
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