FUNDS THAT RODE THE DEAR AND DULL

摘要

Only 28% of mutual funds eked out cumulative gains over the two years ended Dec. 31, 2009, a period when the Standard & Poor's 500-stock index lost more than 20%, or about 11% per year. Here are the top 10 funds, with a look at how they succeeded-good timing and plenty of cash on hand helped. At one point in 2008, Reynolds Blue Chip Growth was 98% in cash. The fund lost 5°/o for the year. Manager Fritz Reynolds says he began deploying that cash near the market bottom in early 2009. Now, about a third of the fund is in blue chips like Caterpillar and Deere that should profit from a global recovery.