March 2000: Several high-tech and Internet mutual funds have stopped accepting assets from potential investors in order to remain nimble in such a fast-paced industry. Some funds posted gains of up to 500 percent during 1999 alone. And according to fund tracker Morningstar, there are at least 40 different Internet funds from which to choose.
April 2001: Morningstar publishes a column entitled "Dot-Com Dead Pool for Funds," in which Russ Kinnel, mutual funds editor, predicts low survival odds for struggling Internet and technology funds. After noting that, on average, 38 percent of high-tech funds started in 1999 have lost money and 83 percent of funds started in 2000 are also in the red, Kinnel predicts, "a lot of funds won't make it to 2002."