New Real Estate Funds Crash and Burn

Editor's note: This is the first of five stories looking at the past year and at the year ahead in mutual funds and exchange-traded funds.

It may be the end of 2007, but mutual funds have been partying like it's 1999.

Let's hope investors don't experience a hangover like the one from 2000 to 2002.

As with the onslaught of new technology funds just before the Internet bubble popped, the industry has rolled out a slew of funds that invest in real estate investments at the worst possible time. ...