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FORBES.COM MUTUAL FUND AND ETF INSIGHTS
WEEK OF SEPTEMBER 1,
2008
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SPECIAL OFFER
SAFETY IN HIGH-YIELD WITH RICHARD LEHMANN'S
PORTFOLIO
If you invested $100,000 in Richard Lehmann's high-yield model portfolio at the beginning of 2000 it would have been
worth $266,000 at the beginning of July compared to only $85,000 for a similar investment in the riskier S&P 500. Click here to subscribe to Forbes/Lehmann Income
Securities Investor and build your retirement nest egg with Richard's fixed-income securities picks and portfolios.
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ADVISER PICK: FIDELITY CONTRAFUND
(FCNTX)
Recommended by: Jim Lowell,
Fidelity Investor
Fund assets: $69,597M
"Manager Will Danoff is a classic contrarian investor who can veer left or right of
his long-standing, growth- oriented bias. True, he invests in companies that can include valuation gaps and gaffs in both the growth and value camps.
But his predilection is for companies whose stories he believes are being overlooked, misinterpreted and/or over-blown; character traits more
commonly found in growth stocks where the story and promise (as opposed to book value) is key. His most interesting overweight doesn't look like a
growth play at first blush; he's got a hefty 12% tranche in materials. But when you consider the fact that both the S&P 500's and the Russell
1000's materials weighting is 4%, he's clearly making a growth-related claim. What's the claim? That the global economy continues to chug ahead
despite all the known headwinds; his 28% foreign stock allocation reveals that while many others are assuming a global slowdown, he's taking a
contrarian stance."
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Performance |
Top Holdings |
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1-Month Return: -0.8% |
Google |
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1-Year Return: -4.9% |
Berkshire Hathaway |
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3-Year: 7.6% |
Genentech |
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5-Year Return : 11.5% |
Apple |
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10-Year Return: 9.2% |
Procter & Gamble |
Click here to subscribe to Fidelity Investor and get
more fund analysis and recommendations.
TOP PERFORMING HEALTH CARE
FUNDS
|
FUND |
1-Year
Return |
3-Year
Return |
YTD
Return |
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ProFunds Biotech UltraSector (BIPIX) |
28.0% |
5.1% |
29.7% |
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Fidelity Select Medical Equip (FSMEX) |
14.6 |
10.0 |
8.4 |
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Rydex Biotechnology (RYOIX) |
10.5 |
5.1 |
8.5 |
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Allianz RCM Biotechnology (RABTX) |
9.8 |
2.0 |
11.3 |
| BlackRock Health Sciences (SHSAX) |
8.7 |
10.3 |
-1.2 |
WORST PERFORMING HEALTH CARE FUNDS
|
FUND |
1-Year
Return |
3-Year
Return |
YTD
Return |
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ProFunds Pharmaceuticals (PHPIX) |
-14.9% |
-1.5% |
-15.7% |
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Fidelity Select Medical Delivery (FSHCX) |
-14.0 |
-1.0 |
-21.2 |
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Icon Healthcare (ICHCX) |
-8.8 |
-0.8 |
-12.2 |
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AllianceBernstein Global Health (AHLAX) |
-7.6 |
0.9 |
-10.0 |
| ProFunds UltraSector Health Care (HCPIX) |
-6.8 |
0.3 |
-10.0 |
Through
00/29/08. Source: Morningstar.com
MONEY MARKET ASSETS ($billions)
|
Week of |
Total Net Assets |
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August 27 |
$3,573 |
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August 20 |
3,573 |
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August 13 |
3,575 |
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August 6 |
3,560 |
Total money market mutual fund assets decreased by $625 million to
$3.573 trillion for the week ended August 27. Assets of retail money market funds decreased by $4.90 billion to $1.234 trillion. Taxable money market
fund assets in the retail category decreased by $2.75 billion to $928.49 billion, and tax-exempt fund assets decreased by $2.16 billion to $305.29
billion. Assets of institutional money market fund increased by $4.28 billion to $2.339 trillion.
Source: Investment Company
Institute
SPECIAL OFFER
TOP PERFORMING BOND ETFS
|
FUND |
YTD
Return |
Prem/
Discount |
Total Net
Assets |
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iShares Lehman 7-10 Year Treasury (IEF) |
5.2% |
0.09% |
$2,757M |
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SPDR Barclays Capital TIPS (IPE) |
5.1 |
0.30 |
124 |
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iShares Lehman TIPS Bond (TIP) |
5.1 |
0.25 |
8,174 |
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iShares Lehman 3-7 Year Treasury (IEI) |
4.3 |
0.00 |
799 |
| iShares Lehman 10-20 Year Treasury (TLH) |
4.3 |
0.10 |
118 |
WORST PERFORMING BOND ETFS
|
FUND |
YTD
Return |
Prem/
Discount |
Total Net
Assets |
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PowerShares High Yield Corp. Bond (PHB) |
-6.2% |
0.64% |
$16M |
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SPDR Lehman High Yield Bond (JNK) |
-4.9 |
0.93 |
484 |
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ProShares Insured National Muni Bond (PZA) |
-2.8 |
0.34 |
149 |
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iShares iBoxx $ High Yield Corp. Bond (HYG) |
-2.7 |
0.93 |
943 |
| PowerShares Insured California Muni (PWZ) |
-1.9 |
0.13 |
17 |
Through 08/29/08.
Source: Morningstar.com
MOST POPULAR ETFs (by trading volume)
|
Fund |
YTD
Return |
3-Year
Return |
Trading
Volume |
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SPDR 500 (SPY) |
-11.2% |
3.6% |
135.3M |
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Financial Select Sector (XLF) |
-25.5 |
-7.7 |
100.6 |
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PowerShares 100 (QQQQ) |
-10.0 |
6.1 |
88.4 |
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iShares Russell 2000 (IWM) |
-2.6 |
4.8 |
68.5 |
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UltraShort Select Sector (QID) |
12.4 |
NA |
27.8 |
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Through 9/2/08. Source: Morningstar.com
SPECIAL OFFER
2008 Mutual Fund
Survey
Forbes.com gives you all the tools you need to manage your mutual fund portfolio.
Scott DeCarlo,
John Chamberlain and Brian Zajac
Unless you are a wizard at shorting investments, it is easier to make money in a rising market
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Click here for Forbes' fund guide, which includes the Honor
Roll and Best Buys.
Top Five All-Time
Mutual Fund Managers
The greatest mutual fund managers produced long-term, market-beating returns.
Investopedia.com
Great money managers are like the rock stars of the financial world. While Warren Buffett is a
household name to many, to stock geeks, Graham, Templeton and Lynch lead to extended conversations on investment philosophies and performance. The
greatest mutual fund managers produced long-term, market-beating returns and helped many individual investors build significant nest eggs. Who made
the cut?
Click here to find out.
Green Men
If you are a true believer in
socially responsible investing, you won't mind a little underperformance.
David K. Randall
Do you
want to save the earth and your retirement stash at the same time? Maurice and David Schoenwald have just the product for you: the New Alternatives
Fund, a $280 million portfolio of "socially responsible" stocks. It's not exactly diversified--it's 61% in clean energy--and it raises the question
of whether a stock picker trying to serve two masters will serve neither well. But if it makes you feel good, maybe you should buy it.
Click here for more on the New Alternatives Fund and get five socially
responsible best buy funds.
The Big Bad
News
The 25 largest fund families have little to brag about in their overall results for the past decade.
John Chamberlain
On July 31, 1998, the S&P 500 closed at 1120.67; 10 years later, it stands at 1267.38. That
works out to an average annual price return of only 1.2% a year over the last 10 years. Factor in dividends and the total return does not look much
better at 2.9%. How did the 25 largest fund families as measured by the total assets in their domestic stock funds do? The results are not
encouraging.
Click here for a look at how the biggest fund
families fared.
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Forbes.com Mutual Fund And ETF Insights, please e-mail lbentley@forbes.net.
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