Best Funds for Rough Seas

These five use innovative strategies and can anchor your investments.

It's brutal out there. We're in the second bear market of the decade. The banking system is a colossal mess. The economy is now almost certainly in recession.

The world doesn't end too often, so this too shall eventually pass. But 2009 will not be a strong year for the economy, and the uncharted waters of a shattered financial system only compound the uncertainty. So we are extra cautious in this unfriendly environment in recommending any mutual fund. Only those that do a good job of preserving shareholders' wealth were even considered. These five look especially compelling for the stressful year ahead.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.