Three-Year Returns Escape Bear Market

Gregg Greenberg, TheStreet.com Staff Reporter, cautions mutual funds investors about relying too heavily on three-year fund returns now that the worst of the 2000-2002 market slump receeds beyond the three-year horizon. Greenberg notes that, "Over 2000-2002, the S&P 500 lost 9.7%, 11.8% and 21.5% in succession. In 2003 and 2004, though, the index turned around, returning 28.1% and 10.7%, respectively. This year the S&P 500 is up slightly, putting its three-year average return at a pleasant-looking 15.2%. The five-year average, on the other hand, is about negative 2%." Find more details in this article at TheStreet.com.

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(May '04-Jun '05)