U.S. Mutual Funds Up 10% In Q1; Managers' Top Buys
Mutual fund investors enjoyed robust returns in the first quarter as the S&P 500 closed at an all-time record, the bull market celebrated its fourth birthday, the housing recovery gained momentum, corporate earnings improved and leading economic indicators climbed to new highs. The average U.S. stock mutual fund gained 3.60% in March and 10.16% year to date, according to Lipper Inc. The S&P 500 rallied 3.6% in March and 10.02% year to date to
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