mutual fund, these funds invest narrowly, solely in stocks in the
designated sector - FBIOX in biotechnology stocks and FSHCX in
healthcare stocks. FSHCX is a bit broader in scope and may hold some
biotechnology stocks also. These two sectors have fallen quite
precipitously since March 1, while the rest of the market has marched
forward. Frankly, if you need to ask why they have underperformed, you
shouldn't be investing in them until you do a little more
homework...well...maybe a lot more homework.
Buddy
--- In [email protected], "investor0329" <[EMAIL PROTECTED]> wrote:
>
> I bought these mutual funds not that long ago and they are doing
> horrible! They have tanked like falling knives. I do not see mutual
> funds do this often.
>
> Can anyone supply any explanation for this?
>
> Thanks.
>
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