Mutual funds fare well--relatively

The smart money this year? Surprisingly, it seems to be in actively managed U.S. stock funds. Not that retail investors are gloating or anything. While hedge funds have taken some huge hits, domestic stock funds are up about 2.5 percent this year. Blue chip growth funds have set the pace, rising about 9 percent. The S&P 500, for all you indexers, is down about 5.6 percent. There's still time for these funds to tank. December could be really volatile, given the many uncertainties. Some think the bull market of the last few years may be over.  

For more:
- here's a New York Times article

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