The Best Performing Mutual Funds in 2007
Before we delve into the numbers and reveal what are, so far, the best performing mutual funds this year, there is some sound investment advice that you should know before investing in any mutual funds. Choosing mutual funds based on previous performance alone is not the best way to make a decision on which type of mutual fund you want to invest in. When you choose mutual funds based on previous performance alone, you run the risk of catching the mutual fund at the top of a major market downturn. After all, what goes up, must come down. Before investing in the best performing mutual funds, you should thoroughly investigate the trend of the mutual fund currently, as well as industry related information that can provide clues to the coming trends. Doing this research is not the equivalent of looking a gift horse in the mouth. It is simply good, sound investment practices.
That said, and warnings given, here are the best performing mutual funds based on Morningstar for the first four months of the year. The Direxion Commodity Bull and Guiness Atkinson Alternative Energy mutual funds are up over twenty percent since the first of the year. Likewise, the Direxion Mid Cap Bull mutual fund is up nineteen percent.
Dreyfus Premier Greater China, Wasatch International Opportunities, ProFunds Utilities Ultra Sector DFA Asia Specific Small Company, and Perkins Discovery mutual funds are all up over eighteen percent since the first of 2007. The upturn in these mutual funds shows that some of the best performing mutual funds today are involved in international investments.
Finally, the lowest on the top ten best performing mutual funds list are the Fidelity Select Natural Gas and Direxion Latin America Bull, which are both up over seventeen percent since the first of the year. Based on these numbers overall, it is easy to see that Direxion mutual funds are a good starting point for research for beginning investors.
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