Investing October 28, 2002

Stock Funds Down? You've Got a Lot of Company

October 28, 2002 (PLANSPONSOR.com) - Nearly all stock mutual funds suffered losses during third quarter, according to Weiss Ratings, Inc.
Reported by

More than 98% of the 5,735 stock mutual funds rated by Weiss lost money during the quarter, with an average loss of 16.6%.   The 4,273 bond funds fared better, 88.9% showing a gain with the average fund returning 2.6%.   By comparison, the S&P 500 declined 17.6%.

Biggest sector losers in third quarter were:

  • Technology -25.5%
  • Foreign -19.5%
  • Small cap -19.3%

Individual stock fund losers were:

  • ProFunds-Ultra Inv -42.1%
  • Berkshire Focus Fund -41.5%
  • Rydex Series-Electronics Inv -40.2%
  • Fidelity Select-Electronics -37.4%

Largest bond fund gainers were:

  • American Century Maturity 2025   +20.4%
  • American Century Maturity 2020   +17.8%
  • Rydex Series US Government Inv +17.1%
  • Rydex Series US Government C   +16.7%
  • American Century Maturity 2015 +15.8%

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