Last Year, of Over 4000 Equity Funds in Morningstar Database, All But One Lost Money

[haha]

Drucker: Do we need to somehow recognize and incorporate a new level of volatility in the asset classes we use?
Gibson: It depends on whether we're looking at short- or long-term volatility. Certainly 2008 was without much precedent in terms of how big the losses were and how far they stretched across all asset classes. For our year-end client communication, we studied Morningstar's entire database of 3,734 funds invested primarily in U.S. stocks. All but one lost money. Of the 978 funds invested in non-U.S. stocks, all lost money. Of the 144 U.S. and non-U.S. real estate funds, all had negative returns. And of the 128 natural resource funds, all lost money. So, if you add those numbers up, there were over 4,000 equity funds and all but one lost money.

Roger Gibson on the Market Crash

No wonder it seemed that we had no place to hide.

Ha

 

[Sam]

So which fund did not lose?
Sam

 

[Notmuchlonger]

I did not see it. Id be curious to see what the average loss % was for giggles.

 

[soupcxan]

See link below. He was up 0.4% for 2008. His mutual fund is $60MM. For comparison, Vanguard's S&P 500 fund is $61,400MM.

Mutual Fund Manager in the Black: FiLife (a WSJ partner)

 

[FinallyRetired]

I think Bernie's fund was up too.