Heading into the last few days of July there are 12 mutual funds that have had returns of atleast 10% for the month.
A sector that most investors may have overlooked was Biotechnology which had a stellar performance for a group as a whole making up half of the following list.
Here are the best performing mutual funds for July 2008 ranked by total return.
***Note: Symbol, Name, Return, (Expense Ratio)***
1. UFPIX , ProFunds UltraShort Latin America Inv , 31.16% , (NA)
2. UVPIX , ProFunds UltraShort Emkt Inv , 22.99% , (1.49%)
3. BIPIX , ProFunds Biotechnology UltraSector Inv , 20.08% , (1.56%)
4. DRBNX , Allianz RCM Biotechnology D , 17.08% , (1.54%)
5. SNPIX , ProFunds Short Oil & Gas Inv , 14.88% , (1.74%)
6. DXESX , Direxion Emerging Markets Bear 2.0X Inv , 14.71% , (1.75%)
7. RYOIX , Rydex Biotechnology Inv , 13.7% , (1.39%)
8. UIPIX , ProFunds UltraShort Mid-Cap Inv , 12.69% , (1.53%)
9. DXSSX , Direxion S&P 500 Bear 2.5X Inv , 12.01% , (1.75%)
10. FBIOX , Fidelity Select Biotechnology , 10.88% , (.89%)
11. FBDIX , Franklin Biotechnology Discovery A , 10.77% , (1.35%)
12. FBTAX , Fidelity Advisor Biotechnology A , 10.53% , (1.4%)
More on Mutual Funds:
Biotechnologies FTW!