Rydex funds split shares
From CBS MarketWatch
Months after the Monument Fund split shares of it Internet Fund, and the press skewered the marketing ploy, Rydex Funds have announced that it will, in turn, split shares for three of its mutual funds. The high-flying Rydex OTC Fund will split three-for-one while the Rydex Arktos and Precious Metals funds will reverse split one-for-five.

Funds fare little better
From The Wall Street Journal
Friday's continued tech sell-off pushed the average U.S. stock mutual fund to a negative 6.4% year-to-date return, a sharp turnaround from the 6.95% return for the same fund through March 10, according to Lipper. Not surprisingly many of the funds that experienced meteoric rises in 1999 and early 2000 are now the biggest losers, including many of Janus' long-hot funds, with the exception of its value play, Janus Strategic Value.

Some funds survive
From Morningstar.com
Although many funds invested in the tech sector sunk right along with the floundering NASDAQ, several held on to a surprising percentage of their gains. Morningstar's Russ Kinnel takes a look at several survivors of last week's carnage. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE