13.10.2008 - Commodities’ slump took a toll on funds
From Nytimes.com: Commodity prices stumbled badly in the third quarter, harpooning investors in natural resources mutual funds. This category was by far the biggest loser among all the domestic stock fund categories tracked by Morningstar, down 36 percent, on average, in the three months through September. Few funds escaped the scourge that struck this diverse category, which is as varied as pure-play energy stock funds to portfolios tracking broad-based commodity indexes. The recent steep decline in oil prices left the typical natural resources fund far behind many funds that invest in other troubled sectors of the economy, like the financial industry..... Full Article: Source
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