NEW YORK ( TheStreet) -- After collapsing during the stock-market crash, financial mutual funds have soared 69% in the past year, according to Morningstar.Big gains in shares of banks and money managers propelled the gains. Can the stocks extend their advance? Yes, say managers of some top-performing financial funds. "The industry should take important steps forward in the next year," says Lisa Welch, manager of the John Hancock Regional Bank Fund (FRBAX).
Financial Funds to Extend Gains, Managers Say
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