09.10.2008 - Sharp declines in commodities hammer funds
From WSJ: Until earlier this year, commodity-focused mutual funds were red hot. Now, they're burning through the value of investors' portfolios. Over the past three months through Tuesday, these funds and other commodity-linked investments such as exchange-traded notes, are down on average 26% to 44%, according to Lipper Inc., thanks to a broad selloff in several commodities since mid-July. This is a sharp reversal from the big gains in these funds in the past three years. In 2007, for instance, average gains for these funds ranged from 23% to 40%. The commodity slide is broad...... Full Article: Source
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