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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (94913)	5/8/2003 7:03:16 PM
From: goldsheet	Read Replies (1) \| Respond to of 116934

Gold-Oriented Funds Sting Performance-Chasing Investors Mutual-fund investors have some bad habits, but the worst may be chasing after hot-performing funds. It's a perilous practice in which roving-eyed investors are drawn to funds that have posted the best short-term returns, and they decide to shift money out of their underperforming funds in favor of the high-flyers. For a good example, one need only look at this year's performance of gold- oriented funds. That ever-volatile fund sector was down about 10% in the first four months of the year after posting startlingly robust returns last year on the back of stronger prices for the yellow metal. The average fund turned in a 63% gain in 2002, according to fund tracker Lipper Inc., and based on that success gold funds drew in an estimated $937 million in net flows for the year - an amount equal to nearly half the $1.9 billion in net assets held by the group when last year began. MORE: biz.yahoo.com