What a Difference a Couple of Torrid Months Make
Powerful rallies pushed most of the Kiplinger 25 funds back into the black.
We depart this month from our usual pattern of listing one-year results and instead show year-to-date returns. After a horrid start in 2009, the stock funds in the Kiplinger 25 benefited from powerful rallies in markets around the globe since early March. Nearly all are in the black, and most are beating their benchmarks.
That T. Rowe Price Emerging Markets (symbol PRMSX) has performed best is no surprise -- developing markets have been sizzling. More intriguing is the boffo performance of Longleaf Partners. A concentrated value fund run by Mason Hawkins and Staley Cates, Partners rode big gains in Sun Microsystems, which is being acquired by Oracle, and Liberty Media Entertainment.
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