HenryTo
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Joined: 06 Aug 2004
Posts: 11707
Location: Los Angeles, California
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 Posted: Thu Jun 28, 2007 9:38 am Post subject: 2Q 2007 Preliminary Benchmark & Funds Performance |
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http://www.bloomberg.com/apps/news?pid=20601103&sid=a_MuTHyRpmok&refer=us
| Quote: | Funds that invest in energy companies were the top performers, climbing 10 percent, and real estate funds were the biggest losers, falling 8.6 percent, according to data compiled by Chicago-based research firm Morningstar Inc.
American Funds's $184 billion Growth Fund of America, the biggest U.S. mutual fund, advanced 6.9 percent in the second quarter, outpacing the 5.5 percent advance of the S&P 500. The fund is run by a team at Los Angeles-based Capital Group Cos. Contrafund, run by William Danoff at Fidelity Investments in Boston, rose 6.2 percent, helped by acquisitions including Kohlberg Kravis Roberts & Co.'s pending $26 billion leveraged buyout of credit-card payment processor First Data Corp.
Bill Miller's $21.5 billion Legg Mason Value Trust, whose 15-year streak of beating the S&P 500 was snapped in 2006, climbed 6.7 percent. Miller's fund, managed from Legg Mason Inc.'s headquarters in Baltimore, is trailing the U.S. benchmark by 1.2 percentage points this year.
The world's biggest bond fund, the $103 billion Pimco Total Return Fund, fell 1.5 percent in the past three months. The fund's manager, Bill Gross at Pacific Investment Management Co. in Newport Beach, California, is raising his holdings of cash while awaiting the Federal Reserve's next move. |
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