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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Ken Brown who wrote (5838)7/15/1998 11:10:00 AM
From: Ken Brown  Read Replies (2) of 42834
 
Has anyone else noticed how poorly Utility mutual funds have done lately?

It seems odd to me that even though the Dow Jones Utility average closed at a record high on June 30 (up almost 3% for the quarter), Utility funds, on average, lost money. The average return for predominately US-specific utility funds was a loss of about 2% for Q2. Only a couple made money, and none of them came close to the index.

I realize the index is weighted towards electrics, whereas most utility funds are more diversified. I still find this divergence interesting, although I have no idea what it means, if anything.

Ken
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