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Decade’s Worst Funds Never Recovered From Technology-Stock Bust
Bloomberg News Dec 30, 2009
Investors shunned stocks in favor of bonds following the second bear market of the decade, when the S&P 500 index fell 55 percent from Oct. 9, 2007, to March 9, 2009. The 10 worst funds dropped 51 percent in that period, according to data compiled by Bloomberg.
Bond funds attracted $329 billion in the first 11 months of 2009, compared with $3 billion for stocks funds, Morningstar found. http://www.bloomberg.com/apps/news?pid=20601087&sid=aXTiq5Rnr0wg&pos=6
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