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Article: MUTUAL FUND REVIEW Mutual funds race ahead to finish year in the black
- Article from:
- Chicago Sun-Times
- Article date:
- January 10, 2005
- Author:
CopyrightCopyright 2005 Chicago Sun-Times. (Hide copyright information)
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What a difference three months makes.
As the third quarter 2004 drew to a close, most mutual fund
sectors were barely hanging on to their gains for the year. But a
powerful surge over the final three months of 2004 boosted funds from
virtually all sectors well in the black for the year.
Among diversified equity funds, growth fund sectors regardless of
size were on track to finish the quarter with gains of roughly 10
percent or more. These numbers were only slightly better than those
posted by the core and value fund sectors, according to preliminary
data provided by mutual fund tracker Lipper Inc.
The widespread success was seen also among the Standard & Poor's
500 index funds. The benchmark ...