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Byline: PAUL KATZEFF
Mutual fund returns in October were a flashback to the late 1990s and early 2000.
Last month's performance scorecard was led by those stalwarts of the last bull market: telecom funds and their kissing cousins, sci-tech funds.
S&P 500 index funds and large-cap growth funds were also among the top five groups.
Latin American funds grabbed the No. 3 spot. That might impress any investor who saw the markets' initially skeptical response to the strong campaign of leftist Luiz Inacio Lula da Silva, who went on to win Brazil's Oct. 20 presidential election.
U.S. diversified stock funds returned 5.4% in October, according to Lipper Inc. data through Oct. 24.
Domestic long-term fixed-income funds returned -1.82%.