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Considering the fates met by one-time banking giants Wachovia (WB Quote), Washington Mutual (WM Quote) and IndyMac and not to mention Countrywide Financial, Lehman Brothers and AIG (AIG Quote), it would seem financial services mutual funds were the last places in which an investor should have been in recent months, right?
Wrong!
Excluding leveraged and "inverse" funds, which because of their unique structures virtually always dominate the upper and lower extremes of performance arrays, the six best open-end stock mutual funds in the third quarter were specialists in financial services. ...
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