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The Fund Categories
U.S. diversified equity funds didn't beat the S&P 500 in 1996, but they made
enough to keep their shareholders happy. International funds earned good
returns, too, as long as they stayed out of Japan.
AVERAGE ANNUAL
CATEGORY TOTAL RETURN*
'96 '94-96 '92-96 '87-96 '96'S BEST PERFORMER
REAL ESTATE 34.0% 13.2% 15.0% 11.8% Longleaf Partners Realty
NATURAL RESOURCES 31.0 17.3 15.0 11.7 Fid. Sel. Energy Svc.
FINANCIAL 29.7 22.9 24.5 18.2 Fid. Sel. Home Finance
EUROPE 24.7 14.5 13.3 9.7 Scudder Greater Eur.
Growth
LATIN AMERICA 24.3 -5.3 5.3 NA Fidelity Latin America
SMALL-CAP VALUE 21.8 14.9 16.5 13.6 Oakmark Small Cap
LARGE-CAP VALUE 21.1 17.3 15.7 14.0 Legg Mason Value Prim.
LARGE-CAP GROWTH 21.1 16.2 12.0 14.6 Rydex OTC
TECHNOLOGY 20.9 25.7 23.8 18.2 PBHG Tech. & Comm.
SMALL-CAP BLEND 20.7 13.6 15.2 13.5 Fidelity Export
MID-CAP VALUE 20.5 15.4 15.7 13.4 Sound Shore
LARGE-CAP BLEND 20.0 16.4 13.6 13.4 Salomon Bros. Investors O
MID-CAP BLEND 19.1 15.5 14.6 14.5 Salomon Bros. Capital
WORLD 17.6 10.4 11.7 11.3 Idex Global A
SMALL-CAP GROWTH 16.6 17.1 15.3 16.0 Fremont U.S. Micro-Cap
MID-CAP GROWTH 16.1 15.8 14.1 15.2 PBHG Core Growth
FOREIGN 16.0 7.9 10.9 9.9 Artisan International
PACIFIC EX-JAPAN 15.9 -1.3 11.3 11.5 Fidelity Hong Kong &
China
HEALTH CARE 14.2 20.4 9.6 18.9 T. Rowe Price Health
Sci.
DOMESTIC HYBRID 13.0 11.5 11.1 11.2 FPA Paramount
DIV. EMERGING MKTS. 11.7 -2.3 10.4 8.4 Templeton Developing
Mkts.
SPECIALTY-MISC. 11.0 10.3 13.2 15.8 Fidelity Sel. Retailing
INT'L HYBRID 11.0 7.0 10.2 10.7 Fidelity Asset Mgr.
Growth
UTILITIES 10.2 8.8 9.9 10.3 Prudential Utility B
PRECIOUS METALS 8.1 -0.5 9.2 5.5 Invesco Strategic Gold
COMMUNICATION 7.7 9.3 16.3 16.2 Fidelity Sel. Dev. Comm.
DIVERSIFIED PACIFIC 1.8 -0.8 8.8 6.0 Merrill Lynch Pacific B
JAPAN -10.2 -0.3 0.8 3.5 Vang. Intl. Eq. Indx.
Pacific
U.S. DIVERSIFIED 19.3 16.1 14.5 14.3
FUNDS
ALL EQUITY FUNDS 17.7 13.8 13.5 13.4
S&P 500 22.9 19.7 15.2 15.3
NA=Not available
*Pretax return, including appreciation plus reinvestment of dividends and
capital gains.
DATA: MORNINGSTAR INC.
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Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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