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Market Savvy

Mutual Fund Winners

September 02, 1998

With technology stocks gyrating, financial shares hit hard by recent turmoil, global markets fraying nerves and skittish investors searching for safe havens, The Times ran a mutual fund screen seeking to spotlight steady performers. Using Microsoft Investor's database of more than 8,000 funds, we screened for consistently good performers over the last three-month and three-year periods. Shown are top performers in the technology, financial services, global and lower-risk categories, as defined by fund tracker Morningstar Inc., with returns calculated through Monday. Funds are ranked by three-year return.

Technology Funds

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Fund 3-yr. return (annualized) YTD return 3-mo. return Rydex OTC +34.0% +40.3% +10.9% Pimco Innovation +24.2 +37.9 +2.6 Fidelity Computers +19.1 +36.4 +6.9 Franklin DynaTech I +17.8 +12.4 +1.7 Alliance Tech +16.0 +29.8 +4.0 Morgan Stanley +14.4 +7.4 -8.6 high-tech index

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Financial Funds

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Fund 3-yr. return (annualized) YTD return 3-mo. return Fidelity Brokerage & +40.5% +23.5% +3.7% Invest. Fidelity Financial +36.6 +18.7 +2.9 Services Invesco Strategic +35.5 +15.7 +1.9 Fin. Serv. Davis Financial +34.8 +13.4 +2.8 Fidelity Insurance +31.8 +14.6 +1.3 S&P Financials index +24.2 -10.6 -20.4

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Global Funds

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Fund 3-yr. return (annualized) YTD return Janus Worldwide +26.7% +26.1% Idex Global +26.1 +26.9 GAM Global +25.3 +19.9 Citizens Global Equity +19.9 +28.4 Phoenix Worldwide +19.6 +29.3 Opport. Morgan Stanley +10.5 -0.5 All World index

Fund 3-mo. return Janus Worldwide +6% Idex Global +6.3 GAM Global +6.2 Citizens Global Equity +11.5 Phoenix Worldwide +7.2 Opport. Morgan Stanley -10.2 All World index

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Lower-Risk Funds*

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Fund 3-yr. return (annualized) YTD return Scudder Greater Euro. +32.4% +40.6 Growth Invesco European +29.9 +45.2 Eastcliff Total Return +28.9 +24.6 Amer. Century Intl. +28.9 +34.6 Disc. Accessor Growth +28.2 +23.5 S&P 500 index +20.7 -0.4

Fund 3-mo. return Scudder Greater Euro. +9.7% Growth Invesco European +12.6 Eastcliff Total Return +7.7 Amer. Century Intl. +7.2 Disc. Accessor Growth +6.6 S&P 500 index -12.0

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*These funds are heavily weighted to stocks but ranked "low" or "below average" in risk by Morningstar.

Sources: Microsoft Investor, Morningstar Inc., Bloomberg News

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