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The Chicago Tribune Gail MarksJarvis column.
Byline: Gail MarksJarvis
Jun. 2--Unless you don't mind getting slopped with red ink, stay away from your monthly mutual fund report. May was a ghastly month for stocks and, consequently, stock mutual funds. Every type of stock fund, from risky to docile, was slammed except two: those that invest in utility companies and deliver sizable dividends, and "bear market" funds, designed to thrive in menacing months like May. While the average bear market fund tracked by Morningstar climbed 6 percent during the month, utility funds barely squeaked out a positive number--a 0.06 percent gain, according to Lipper. You were punished most harshly if you tried to ...
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