Energy, Financials, Health Boost 2000's Top Funds
Some funds earn great returns with gas firms, drugmakers, and big tobacco.
If the market loved it in 1999, investors probably hate it this year. If it was trash last year, it's probably treasure this year.
For investors, 2000 has been 1999 turned upside-down. Last year's top-performing diversified funds loaded up on tech stocks, as the Nasdaq Composite index posted an 80%-plus gain. Left behind was nearly everything else, including utilities, insurers, and many health-care stocks. This year, just the opposite has occurred, as tech has tanked, while value issues have come to the fore.
Odyll Santos does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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