Mutual Fund Winners
With technology stocks gyrating, financial shares hit hard by recent turmoil, global markets fraying nerves and skittish investors searching for safe havens, The Times ran a mutual fund screen seeking to spotlight steady performers. Using Microsoft Investor’s database of more than 8,000 funds, we screened for consistently good performers over the last three-month and three-year periods. Shown are top performers in the technology, financial services, global and lower-risk categories, as defined by fund tracker Morningstar Inc., with returns calculated through Monday. Funds are ranked by three-year return.
Technology Funds
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Fund 3-yr. return (annualized) YTD return 3-mo. return Rydex OTC +34.0% +40.3% +10.9% Pimco Innovation +24.2 +37.9 +2.6 Fidelity Computers +19.1 +36.4 +6.9 Franklin DynaTech I +17.8 +12.4 +1.7 Alliance Tech +16.0 +29.8 +4.0 Morgan Stanley +14.4 +7.4 -8.6 high-tech index
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Financial Funds
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Fund 3-yr. return (annualized) YTD return 3-mo. return Fidelity Brokerage & +40.5% +23.5% +3.7% Invest. Fidelity Financial +36.6 +18.7 +2.9 Services Invesco Strategic +35.5 +15.7 +1.9 Fin. Serv. Davis Financial +34.8 +13.4 +2.8 Fidelity Insurance +31.8 +14.6 +1.3 S&P; Financials index +24.2 -10.6 -20.4
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Global Funds
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Fund 3-yr. return (annualized) YTD return Janus Worldwide +26.7% +26.1% Idex Global +26.1 +26.9 GAM Global +25.3 +19.9 Citizens Global Equity +19.9 +28.4 Phoenix Worldwide +19.6 +29.3 Opport. Morgan Stanley +10.5 -0.5 All World index
Fund 3-mo. return Janus Worldwide +6% Idex Global +6.3 GAM Global +6.2 Citizens Global Equity +11.5 Phoenix Worldwide +7.2 Opport. Morgan Stanley -10.2 All World index
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Lower-Risk Funds*
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Fund 3-yr. return (annualized) YTD return Scudder Greater Euro. +32.4% +40.6 Growth Invesco European +29.9 +45.2 Eastcliff Total Return +28.9 +24.6 Amer. Century Intl. +28.9 +34.6 Disc. Accessor Growth +28.2 +23.5 S&P; 500 index +20.7 -0.4
Fund 3-mo. return Scudder Greater Euro. +9.7% Growth Invesco European +12.6 Eastcliff Total Return +7.7 Amer. Century Intl. +7.2 Disc. Accessor Growth +6.6 S&P; 500 index -12.0
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*These funds are heavily weighted to stocks but ranked “low” or “below average” in risk by Morningstar.
Sources: Microsoft Investor, Morningstar Inc., Bloomberg News
