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January 01, 2009 at 02:00 AM
Many funds, fund categories and stock- market indexes have dropped by about 40 percent through December 4, 2008, according to Lipper. The Dow Jones, for instance, is down about 37 percent, while the S&P 500 is off roughly 42 percent and the NYSE some 46 percent.
On a five-year basis, these securities-market indexes have a cumulative total reinvestment performance of about negative 4 percent.
In terms of the 25 largest mutual funds, year-to-date performance in 2008 has paralleled that of the market indexes. However, on a five-year basis, several American Funds products and Dodge & Cox funds remain in the black by about 2 percent or 3 percent.
Pimco Total Return is up about 1 percent through December 4, 2008, and about 4.5 percent on a five-year basis.
Other funds in positive territory are those with a short bias, especially ultra-short energy, oil and gas, base metals, and Latin American funds. Those that take these sector focuses via an ultra-long strategy have underperformed their respective sectors.
