A few days ago, I was discussing the bear market of 2000–2003 with a prospective client, when he pointed out that he actually held on to one fund profitably through the severe downturn.
Really! Even though we avoided most of the bear by being in cash on the sidelines, any fund which has the ability to hold up against the major trend is worth looking at.
Take a look at the chart of PRPFX:
Before you rush out and leverage your credit cards to buy this fund, be aware that it has been a very average performer lately. However, it’s good to know that funds which buck the trend exist; because I am pretty certain that it’s time in the spotlight will come again.
If you are aware of other bear market bucking no load funds, feel free to share them with me.