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High Yields Helped Utility Funds Weather The Downdraft During March.(SERIES: MUTUAL FUND QUARTERLY)(IBD SPECIAL REPORT)
Byline: PAUL KATZEFF
In a down month, every sector lost ground. Utility funds, shielded by their relatively high yields, lost the least, backsliding 0.09%, says Lipper.
The next best showing was by real estate funds. They lost 1.69%. They are still the top performers the past three years, but have come under a cloud following a string of interest rate highs.
Natural resource funds, taking a breather from their huge run the past year, lost 2.54% in March. But they still gained 12.45% for the quarter.
That was by far the best quarterly showing of any sector.
The only other sector to eke out a quarterly gain was utility funds. They returned 2.69%.
All other sectors lost ground in the first quarter.
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