NU Online News Service, July 28, 2003, 12:45 p.m. EDT – Stock mutual funds reported an average three-month return of 16.38% during the second quarter, according to Weiss Ratings Inc., Palm Beach Gardens, Fla.

Weiss found that 99.5% of the 8,609 stock funds it studied had positive returns during the quarter.

The most successful fund sector was the emerging market sector, with an average return of 23.38%.

Funds in the technology sector came in second, with an average return of 23.32%, and funds in the small cap sector came in third, with an average return of 21.12%.