Posted by: gowrisivaprasad | January 16, 2008
Irony of Top Performing US Mutual Funds
I was looking over the list of top performing mutual funds in the US. The list from Yahoo Finance is here.
The three relevant charts are reproduced here:
Top Performers – 1 Year
Fund Name |
Symbol |
Return |
AIM China I |
IACFX |
107.93% |
Direxion Latin America Bull 2X Inv |
DXZLX |
107.33% |
AIM China A |
AACFX |
107.00% |
AIM China C |
CACFX |
105.54% |
AIM China B |
ABCFX |
105.53% |
Nationwide China Opportunities Instl Svc |
GOPSX |
100.74% |
Nationwide China Opportunities Instl |
GOPIX |
100.68% |
Nationwide China Opportunities A |
GOPAX |
100.27% |
Nationwide China Opportunities R |
GOPRX |
99.64% |
Nationwide China Opportunities C |
GOPCX |
98.81% |
|
Top Performers – 5 Year
Fund Name |
Symbol |
Ann. Ret. |
BlackRock Latin America I |
MALTX |
52.51% |
BlackRock Latin America A |
MDLTX |
52.12% |
T. Rowe Price Latin America |
PRLAX |
51.30% |
BlackRock Latin America C |
MCLTX |
50.95% |
BlackRock Latin America B |
MBLTX |
50.94% |
Fidelity Latin America |
FLATX |
50.43% |
Eaton Vance Greater India A |
ETGIX |
50.32% |
Eaton Vance Greater India B |
EMGIX |
49.83% |
Fidelity Advisor Latin America I |
FLNIX |
49.74% |
Fidelity Advisor Latin America A |
FLTAX |
49.27% |
|
Top Performers – 3 Year
Fund Name |
Symbol |
Ann. Ret. |
T. Rowe Price Latin America |
PRLAX |
57.31% |
BlackRock Latin America I |
MALTX |
53.80% |
BlackRock Latin America A |
MDLTX |
53.42% |
BlackRock Latin America C |
MCLTX |
52.27% |
BlackRock Latin America B |
MBLTX |
52.26% |
ING Russia A |
LETRX |
52.03% |
Fidelity Latin America |
FLATX |
51.23% |
Fidelity Advisor Latin America I |
FLNIX |
50.65% |
Fidelity Advisor Latin America A |
FLTAX |
50.24% |
DWS Latin America Equity S |
SLAFX |
50.02% |
|
It is very interesting to note that 90% of all top 1 yr performers are investing in China, and 90% of the top 3 year performers invest in Latin America, and similar trend continues for the top 5 year performances (with a couple of India based funds thrown in).
There is not even a single fund in the lists that is based on investments in US companies! How ironic is that?
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