BOSTON (TheStreet) -- The 10 worst-performing mutual funds are finding that what worked in 2009 is failing this year.
Banks and health-care companies led the stock market last year. But investors took on more risk as 2010 wore on, encouraged by a rebound in corporate profits, particularly in technology, and the government's economic-stimulus plans.
The top performer among diversified mutual funds that primarily buy large U.S. companies is Morgan Stanley Focus Growth (AMOBX), which has risen 25% this year through Nov. 29. The benchmark S&P 500 Index has climbed 4.8%.
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