Coming Saturday in Personal Finance Focus

On risky health care funds and wash sales.
Author:
Publish date:

Health care funds have been far and away the big winners is this most nerve-racking year, returning more than 50% on

average

. But before you open up your wallet, take a look at how risky some of the funds have become.

Check out

TheStreet.com's

Personal Finance Focus Saturday for

Ian McDonald's

Big Screen

. He's screened the health care funds out there, and found that the best-performing outfits have loaded up on high-priced biotech stocks such as

Amgen

(AMGN) - Get Report

and

Immunex

(IMNX)

. Given that the biotech sector has been feast or famine for the past decade, and given the chatter of a biotech bubble, it's worth checking out.

Also coming this weekend:

Tracy Byrnes' Investor Forum takes a close look at the aggressive initiatives on wash sale rules suggested in a recent Business Week column.

Mark Ingebretsen's Tools of the Trade examines whether artificial-intelligence software can succeed in predicting the markets.

Lee Barney reports on how mutual fund companies' in-house TV studios have boosted cash inflows and the celebrity status of managers, but not necessarily performance.

Also, check out

Jim Cramer's

Smarter Money

, the

Weekly Scorecard

on mutual funds and much more. See you Saturday.