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Most Sectors Were Down In Rocky 2nd Quarter; Resources' June advance capped strong quarter; health and utility inch up.(SERIES: FUNDS & PERSONAL FINANCE/MUTAL FUND QUARTERLY)(IBD SPECIAL REPORT)
Byline: PAUL KATZEFF
Only three fund sectors -- natural resources, health/biotech and utilities -- advanced in the second quarter as a fitful market held many areas back.
Many sectors were helped by the stock market's rally in June, yet only health/biotech and gold posted gains for the month.
In Q2, natural resource funds gained 4.63% on average, according to Lipper Inc. preliminary data. That easily topped other sectors.
Health-biotechnology funds edged up 0.76%. Utility funds barely broke even, inching up 0.10%.
All other sectors ended the quarter lower. Gold funds were the most tarnished, losing 18.35%. Real estate funds sank like a man in quicksand, falling 5.63%. Financial services acted counterfeit, retreating 2.69%.
Natural resources owed their hearty quarter to a strong June. The category gained 6.57%. That broke a string of two losing months in a row.
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