Investors can expect to see more negative returns on their mutal funds for April-June quarter
Tim Paradis, AP Business Writer,
On Sunday June 27, 2010, 2:23 pm EDT
NEW YORK (AP) — The minus signs are back.
Investors still feeling bruised by the terrible mutual fund returns of 2008 and early 2009 can expect to be disappointed again when they get their statements for the second quarter. While most fund categories did well in the first quarter, during the April-June period there were few places to hide.
The slump wasn’t as steep as in late 2008, when the stock market was crashing during the financial crisis. But it showed that nervous investors have put the market’s recovery on hold.