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Growing Bear Market Exposes Risky Funds

Some funds had a bumpier ride down than others Monday.

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There truly was no place to hide Monday as the Nasdaq Composite fell below 2000 for the first time in two years and the S&P 500 finally dipped into official bear-market territory. At the end of the day, though, some funds still looked riskier than others.

Even value funds, many of which have been flourishing over the last 12 months as high-priced tech stocks have fallen, lost ground. PIMCO Renaissance (PQNAX), which has been one of the best-performing mid-cap value funds since the Nasdaq Composite started its long slow decline last year, dropped more than 1.6% on Monday. 

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.