Biggest Mutual Fund Winners and Losers During the Sell-Off
Yacktman and Sequoia hold up like champs, while Fairholme and Fidelity Small Cap Stock struggle.
Stocks made up some ground on Tuesday, but the selling resumed on Wednesday morning, leaving the major stock-market averages deep in the red since stocks started to fall July 23. Unfortunately for investors in stock funds, pockets of true strength have been few and far between. Although bonds--even junk bonds and bank-loan offerings--have held their ground, nearly every stock fund in our database has posted a double-digit loss during the recent sell-off.
Which stock fund types--and individual funds--have held up well, and which have been the hardest hit? Here's a roundup.
Christine Benz has a position in the following securities mentioned above: WMT. Find out about Morningstar’s editorial policies.