MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 12, 2007 Morningstar Takes A Look at the Funds Hard-Hit by the Subprime Crisis Morningstar's David Kathman devoted an article the funds that have been hit hard by the subprime crisis. Among the bond funds, the list includes Regions Morgan Keegan Select High Income, which was down 55 percent as of December 4; Fidelity Ultra-Short Bond Fund, which lost 5.5 percent year-to-date as of December 5; and SSgA Yield Plus, which lost 12.87 percent year-to-date through December 5. As for stock funds, the list includes FBR Small Cap Financial, which lost 23 percent, Fidelity Select Home Finance, which lost 37 percent and iShares Dow Jones US Home Construction ETF , which dropped 59 percent for the year. If there were losers, there were also gainers from the subprime mess. Among the funds that saw gains is CGM Focus, up 70 percent. Printed from: MFWire.com/story.asp?s=16768 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |