Here’s another one of those bizarre stats of the year for you:
Out of the 11,585 U.S. and international stock mutual funds tracked by Morningstar Inc., 11,584 have lost money in 2008, according to fund data through Nov. 20.
In other words, just one fund hasn’t lost money this year—and that is the APX Mid Cap Growth Fund, which was flat through Thursday’s close. That’s right, folks, its return—or lack thereof—is a mere zero thus far in 2008.
Given that most equity mutual funds are required to be fully (or 90%) allocated, its really no surprise. But its such a stark statistic, I thought it was worth mentioning.
Pretty wild . . .
Every Stock Mutual Fund Has Lost Money in 2008, Except One
Business Week, November 21 2008