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Saturday, January 3, 2009

Worst performing mutual funds of 2008


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.
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