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Scandal Fails To Derail Stock Funds From 33% Gain.(MUTUAL FUNDS)
Byline: KEN HOOVER
If Frank Sinatra were still with us, he'd be crooning: "It was a very good year."
And it wouldn't be some misty-eyed remembrance of romances past. He'd be singing about the stock market in 2003.
Emerging from the cold winter of the worst bear market since the 1930s, the market gave us a very good year.
"2003 was a good year because in 2002 people thought it would be a lousy year," said James Oberweis, manager of the year's top performing fund, Oberweis Micro-Cap Fund, up 113% through Dec. 30. "Now, everybody thinks 2004 will be a good year. Will it be a great year? Who knows?"
Oberweis doesn't want to venture a forecast for the year, but says he is loading his fund with tech and health care, especially niche companies than can help contain rising health care costs.
The Nasdaq composite led the way in 2003, rising 50%.
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