Three of the worst mutual funds of 2008 have racked up losses of more than 60%.
Among non-leveraged U.S. stock funds with at least $100 million in assets, none did worse than Bill Miller's Legg Mason Opportunity Trust (LMOPX) , which as of Dec. 30 was down 66% this year.
The second worst performer, according to Morningstar Inc., was Winslow Green Growth (WGGFX) , which is down 62% this year. The third-biggest loser was another fund from Legg Mason Inc. (LM) , Growth Trust (LMGTX) , which is down 61%.
The losses of these funds represent a lag of roughly 20 percentage points behind their broader category -- domestic stock funds were down an average of 40% in 2008.
more at
No comments:
Post a Comment