The '04 performance figures are in for stocks and mutual funds. My newspaper carries an AP summary today of mutual funds. They list the precentage increase for the year (including distributions) and the ranking vs peers (1 to 5).Hi Paul,Does you paper have this posted on their website? (gotta link?)Especially disappointing is the performance of the sector funds,... You would think a professionally managed fund should be able to manage 20% return or better in that environment.Kinda the nature of the beast for actively managed (moreso for sector) funds, isn't it? IIRC, wasn't their Wireless sector fund a rock star this past year?Isn't this range of results the exact reason why there's such a strong school of thought for staying in index funds? <he asks while holding only about 5% in index funds>Fidelity dropped most of their loads in the last year. What happened? Did they lose key managers? Were they tramatized by the scandals?Hmm...I took this, along with their reduced mgmt fee for index funds, as their challenge to better secure #1 assets position over VG.
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