After dropping 38.9% in 2008, slightly worse than the S&P 500s 37% decline, the average stock mutual fund is up 9.9% year to date, quite a bit better than the indexs 5.3% return, The Wall Street Journal reports.
Eight of the 10 largest funds are in the black, some up considerably, including the Growth Fund of America (up 15%), the Fundamental Investors Fund (up 13%) and Magellan (up 19.7%).
As a category, growth equity funds are up an average of 11%, whereas value funds are up just under 1%.
Nonetheless, each of the 10 largest stock funds is still experiencing net withdrawals.
