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Strategies & Market Trends : The New Economy and its Winners

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To: Rarebird who wrote (26703)12/28/2005 1:58:41 PM
From: Elroy  Read Replies (1) of 57684
 
""Approaching yearend, the average among more than 4,000 stock funds tracked by Bloomberg has trounced the Standard & Poor's 500 Index, the stock index most commonly used as a performance measuring stick. Through the end of last week, the average equity fund was up 10 percent, while the S&P 500 had gained 6.4 percent, including dividends."

I hadn't read this or tracked the average equity fund. If they are all US funds it sounds amazing. If they include Europe (up ~17%) and Japan (up > 40%) funds, or "worlwide" finds, then it isn't so amazing since the US has trailed the rest of the world. Usually US funds lose to the S&P, so if I'm to believe the average US equity fund is up 10%, I would like to know why......any idea?

PS I rarely if ever listen to CNBC for more than a minute or two, execept to get data. Bloomberg Business Radio is much better. It's more objective, with a lot of diverse commentary and more interesting guests.

I don't listen to either.
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