July 2, 2008
In June equity funds (-7.50%) suffered their worst one-month decline since September 2002. The old adage "sell in May and go away" was fairly apt this year.
- Semi-annual statements may disappoint, with the average fund declining 9.86% for the six-month period ended June 30, 2008.
- With the skyrocketing price of oil and other commodities, it was not surprising to see Natural Resources Funds (+24.50%) and Commodities Funds (+19.51%) at the top of the quarter's charts.
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