As we begin a new decade, Bloomberg considerately gathered the worst stock funds from the last 10 years. Notably, many of these funds are still recovering from the tech bust early in the decade.
From Bloomberg: "The 10 worst funds all focused on shares of growth companies, so designated because their sales or earnings are rising faster than their industry’s or the overall market. The group fell -71% on average after the technology bubble deflated. That compared with the -47% decline by the S&P 500 index from March 24, 2000, to Oct. 9, 2002.”
Here are the 10 worst stock funds based on their performance from Jan. 1, 2000 to Dec. 28, 2009, along with their assets under management, and their percent decline for the period:
Fidelity Growth Strategies; $1.9 billion; -67%
Vanguard U.S. Growth; $4 billion; -50%
From Bloomberg: "The 10 worst funds all focused on shares of growth companies, so designated because their sales or earnings are rising faster than their industry’s or the overall market. The group fell -71% on average after the technology bubble deflated. That compared with the -47% decline by the S&P 500 index from March 24, 2000, to Oct. 9, 2002.”
Here are the 10 worst stock funds based on their performance from Jan. 1, 2000 to Dec. 28, 2009, along with their assets under management, and their percent decline for the period:
Fidelity Growth Strategies; $1.9 billion; -67%
Vanguard U.S. Growth; $4 billion; -50%
Putnam New Opportunities; $2.6 billion; -46%
Columbia Select Large Cap Growth; $1.7 billion; -41%
SEI Large Cap Growth; $2.1 billion; -40%
MFS Growth; $2.1 billion; -39%
Janus Enterprise; $2.4 billion; -38%
Putnam Investors; $1.6 billion; -37%
Seligman Growth; $1.4 billion; -37%
AIM Constellation; $3.1 billion; -37%
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