Surveying the Damage in 2011
Most stock funds are suffering, but the averages don't tell the whole story.
Although stock markets revived in the second half of last week, overall this has been a troubling year for stocks around the world and the funds that invest in them. However, it hasn't been the same dreary story for all. For some funds, the dreariness has felt more like disaster, while for a fortunate minority, rays of sunlight have been peeking through the clouds.
The contrasts are evident in comparisons among categories but also appear within them. It can be tempting to look only at averages, but much more lies beneath the surface.
Gregg Wolper does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.