Rally Boosted Aggressive, Tech-Heavy Funds
Van Wagoner Funds and Berkshire Focus ride Tuesday's rally.
The Nasdaq Composite's startling bounce Tuesday boosted a batch of technology-loving growth funds.
The rally, which gave the Nasdaq its biggest single-day point and percentage gains ever, pushed three of aggressive fund manager Garrett Van Wagoner's funds, all of which keep roughly 90% of their money in tech stocks, to the top of the leader board for the day, but failed to lift them into positive territory for the year. Meanwhile, the rally did carry Berkshire Focus (BFOCX), which was down more than 16% at the end of November, into the black for this year.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.