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FYI: There are stocks for daredevils, and there are stocks for nail biters. You’ll find the latter in the Parnassus Core Equity Fund.
Short of fleeing to cash, which delivers a meager return, what can a nervous investor do? Seek out shares that suffer less damage than most in bear markets. Todd Ahlsten, lead manager of $15 billion Parnassus Core Equity since 2002, has a knack for identifying those.
Forbes rates U.S. equity funds separately for bull- and bear-market performance across three market cycles going back 16 years. Only 7 of them (out of 974) have managed to deliver market-beating results over the full period while earning A+ grades in down markets. Ahlsten’s fund is one of those 7.
