According to “The Street” article “None of Your Mutual Funds Are Making Money” written by By Frank Byrt (10/03/11 - 07:15 AM EDT), it seems that some US, no leverage, or short position funds can be used for income and safety of principle. They seem to be seen as attractive investments for those seeking dividends and the preservation of money in volatile markets. Among funds that buy mainly U.S. stocks and use no leverage or short positions, only three sector-specific funds eked out gains from the beginning of July to the end of September, according to fund-research firm Morningstar:
1. Icon Telecommunications & Utilities (ICTUX_), up 1.9%;
2. Franklin Utilities (FKUTX_), up 1.7%;
3. Invesco Utilities Investor (FSTUX_), up 0.3%.
I bring this up because many of you investors have 401K programs at work. The only securities that most of you can buy in your 401K are mutual funds. If you are looking at safety of this money and income as your primary objective in your 401K, then I would suggest that you look into these funds or mutual funds with the same investment objectives as these three funds.
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