July 7, 2003 |
Beaten-down stock fund sectors led the industry's rebound in the second quarter, but some of the favorite groups during the bear market continued to shine as well. Some of the highlights of the quarter and first half: * Technology sector funds were on top in the quarter and the half, with average total returns of 24.6% and 24.1%, respectively, according to fund tracker Morningstar Inc. in Chicago. Tech stocks' revival, after three devastating years, was led by Internet-related shares.
July 7, 2003 |
Investors seeking income are having a difficult time finding it. With the Lehman aggregate bond index yielding a mere 3.57%, neglected multi-sector bond funds offer a relatively safe way to go for higher payouts. Multi-sector funds invest in a wide range of income-oriented securities, including domestic and foreign government bonds, corporate bonds and high-yield debt. The funds' ability to venture into emerging markets and the junk bond sector frightens away some potential investors.
January 7, 2002 |
Technology sector funds led the stock market's fourth-quarter rally, but they still finished 2001 with an average loss of 38.3%--the biggest decline of any major fund category last year. Communications sector funds had almost as bad a year, losing 34.6%, on average, according to Morningstar Inc. data. And utility sector funds, once thought of as an investing haven for widows and orphans, tumbled 21.2% in 2001, thanks in part to the hard-hit telecom stocks many of them hold.
April 4, 2000 |
Change is a bit slower to come in the 401(k) marketplace than in the mutual fund industry as a whole. But change is coming, nonetheless, in terms of new investment choices for 401(k) plan participants. To be sure, you're not likely to see a "concentrated" Internet fund in your company-sponsored 401(k) any time soon. However, many 401(k) plans are allowing plan participants to be much more aggressive with their retirement money than in years past.
January 8, 2000 |
One wild week for mutual funds down. Fifty-one more to go. The stock market finished the week on a strong note, but along the way it reminded fund investors why volatility isn't always their friend. "It was a welcome wake-up call for a lot of investors in high-risk, high-return categories" such as technology, said Ed Rosenbaum, director of research for New York-based fund tracker Lipper Inc.
January 18, 1998 |
There are close to 500 sector funds today, up from roughly 150 just five years ago. Most sector funds fall into one of two groups: Either they reflect key industries such as technology, health care or financial services, or they offer a diversification play. Diversifiers include the utility, natural resources and real estate funds.