For the second straight year, stock funds posted negative returns, with 83% of U.S. stock fund posting an average return of -12.5% last year, according to Weiss Ratings, Inc. That was worse than 2000, when 63% of equity funds posted negative returns, losing an overall average of 4.45%.

Specialized and sector funds performed the worst out of any other categories, said Martin Weiss, chairman of Weiss Ratings. Indeed, 100% of the 89 utility funds tracked by Weiss had an average –21.3% return. Technology funds didn’t fare much better, with 274 out of 278, or 99%, reporting an average return of -36.11%. Aggressive growth funds were the third worst sector, with 243 out 265 funds reporting an average return of –23.26%

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