This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Funds of 2011 Driven by Tech, Energy

BOSTON ( TheStreet) -- With barely a month down in 2011, investors are making the most money from large-cap mutual funds in anticipation of a long-awaited revival of global economic growth.

The Dow Jones Industrial Average, made up of 30 blue-chip, large-company stocks, broke the 12,000 level yesterday for the first time in 2 1/2 years. It has been buoyed by investors' upbeat take on corporate earnings and President Barack Obama's call to overhaul corporate taxes in his State of the Union speech Tuesday.

The Standard & Poor's 500 Index is up 2.8% this year, while the Dow Jones Industrials Average has risen 3.5%.

Flows into all types of equity mutual funds hit a five-week high of $10.1 billion in the week ending Jan. 19, of which $6.9 billion flowed into U.S. stock funds. Bond funds have suffered outflows. It was the sixth week of net inflows to stock funds in the past seven weeks, amounting to total inflows of $17.3 billion for the period, and most of it went to large-cap funds, said EPFR Global, a provider of fund flows and asset-allocation data.

That's a stark reversal from 2010, when U.S. equity funds had outflows of $49 billion.

In terms of performance through Jan. 25, technology mutual funds led the pack with a 3.2% return, followed by industrial funds, 3%; large-cap value funds, 2.5%; health funds, 2.4%; and large-cap blend funds, 2.3% return, according to Morningstar.

ProFunds Short Precious Metals (SPPIX) led all funds in terms of performance through Jan. 25, with a return of 13% this year. The fund is essentially a hedge that gold and other precious metals prices will fall, so as gold slides, it rides. Its long-term record is abysmal: ProFunds Short Precious Metals lost 34% last year and has a five-year average return of minus 24%.

Behind it is Cambiar Aggressive Value Investor (CAMAX), up 11% this year and 51% over the past year. Brian Barish, its manager since August 2007, has loaded up the fund with computer-hardware and energy stocks.

The large-cap value fund has made several recent investments in oil-field services companies. In a prescient bet, Barish added 70,000 shares of Halliburton (HAL - Get Report) during the period ending Nov. 30, making it the fund's largest allocation at a whopping 9%.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ONNN $0.00 0.00%
AAPL $117.81 0.00%
GOOG $750.26 0.00%
HAL $39.13 0.00%
JPM $67.17 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs