The Best and Worst Mutual Funds at 2013′s Midway Point

A look at some of the year's most notable winners and losers

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The Best and Worst Mutual Funds at 2013′s Midway Point

Winner: Legg Mason Opportunity Trust

LeggMason185 The Best and Worst Mutual Funds at 2013's Midway PointYTD Return: +30%

Money manager Bill Miller — who lost a fortune during the financial crisis by getting aggressive with financials — was thought to be washed up.

Lately, however, Miller has been getting his groove back, as illustrated by the standout returns of the Legg Mason Opportunity Trust (LGOAX).

Miller does extensive research not just on companies, but also industry trends, to uncover big value gaps. To this end, he has benefited from nice moves in the housing sector and airlines, and also scored a big win with his investment in Sprint (S). Currently, LGOAX’s top holdings include Genworth Financial (GNW), United Continental (UAL), PulteGroup (PHM) and Netflix (NFLX).

However, Legg Mason Opportunity’s performance doesn’t come cheap: A shares charge 2.03% in expenses and are subject to a maximum 5.75% sales charge.


Article printed from InvestorPlace Media, http://investorplace.com/2013/06/the-best-and-worst-mutual-funds-at-2013s-midway-point/.

©2014 InvestorPlace Media, LLC

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