Despite a lackluster close to 2005, mutual fund investors should give thanks that November's strong performance led to overall fourth-quarter gains of between 4% and 5%. In 2005, domestic funds gained 7.2%on average.

"This bull market is now entering its fourth year, and it is getting tired," said Don Cassidy, senior research analyst for New York-based research firm Lipper, in report from The Dallas Morning News.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.