Fund Investors: Do Not Feed the Bears
After years of sitting out the stellar gains of the bull market, bear market mutual funds are finally getting their day, trouncing the pack in the first quarter of this ugly year. But many market watchers say these funds aren't be the best choice for the long-term investor.
It's no surprise that bear market funds are dominating the list of top performing mutual funds for the first quarter of 2001. As of March 29, seven of the top 10 performing funds in the quarter were bear funds, according to Lipper.| The Quarter's Best | ||
| Fund | Category | Return |
| (RYVNX Quote)Rydex Dynamics Venture | Short | 56.3% |
| (USPIX Quote)ProFunds UltraShort OTC | Short | 54.8 |
| (RYAIX Quote)Rydex Arktos | Short | 34.4 |
| (POTSX Quote)Potomac OTC Short | Short | 34.3 |
| Ameristock Focus Value | Large-Cap Value | 32.9T |
| (URPIX Quote)ProFunds Ultrabear | Short | 29.8 |
| (RYTPX Quote)Rydex Dynamic Tempest | Short | 28.5 |
| World Funds Third Millennium Russia | Emerging Markets/Russia | 24.4 |
| Leuthold Grizzly Short | Short | 23.9 |
| (DRCVX Quote)Comstock Capital Value | International Hybrid | 22.3 |
| Source: Lipper | ||
| The Quarter's Worst | ||
| Fund | Category | Return |
| ProFunds Internet | Technology | -60.5 |
| (symbol Quote)Berkshire Focus | Large-Cap Growth | -62.3 |
| (symbol Quote)Berkshire Technology | Technology | -62.0 |
| (symbol Quote)Rydex Dynamic Velocity 100 | Short | -61.9 |
| (UOPIX Quote)ProFunds Ultra OTC | Large-Cap Growth | -61.8 |
| (VWTKX Quote)Van Wagoner Technology | Technology | -60.9 |
| (VWPVX Quote)Van Wagoner Post Venture | Mid-Cap Growth | -60.7 |
| (VWEGX Quote)Van Wagoner Emerging Growth | Mid-Cap Growth | -60.4 |
| (VWMDX Quote)Van Wagoner Mid-Cap Growth | Mid-Cap Growth | -60.3 |
| (BTBAX Quote)Amerindo Internet B2B | Technology | -58.8 |
| Source: Lipper | ||
| Source: InvesTech Research |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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