FYI: The vast majority of mutual funds skidded to losses last quarter as worries worsened about global economic growth. Uncertainty about interest rates made markets even shakier.
Only 17 percent of the mutual funds tracked by Morningstar were able to scrounge out positive returns in the three months through September. That's down from 41 percent in the second quarter, and it's the reverse of the first quarter, when 87 percent of funds made money.
Regards,
Ted
http://bigstory.ap.org/article/26b29a04262340f09cfc3974c0263ee6/many-losers-few-winners-3q-mutual-fund-review
