Monday, October 12, 2009

Fund Watching

Mutual funds have been greatly benefiting from the recent runup in stocks. The third-quarter numbers - for the period that ended on September 30 - are now in, and some sectors looked very strong. These were the leading mutual fund sectors for the quarter:

Real estate: up 32.6 percent
Financial: up 22.0 percent
Equity precious metals: up 20.2 percent
Equity energy: up 18.8 percent
Technology: up 17.6 percent
Communication: up 15.1 percent
Natural resources: up 14.7 percent
Health: up 11.6 percent
Utilities: up 9.7 percent

Overall, U.S. stock funds were up 16.0 percent for the quarter. International stock funds did slightly better, up 18.7 percent.

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