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Article posted: 1/6/2013 7:52 AM

Top mutual funds of 2012 rebound from poor 2011

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Portfolio managers Samantha McLemore, left, and Bill Miller, right, of the Legg Mason Capital Management Opportunity Fund. Legg Mason Capital Management Opportunity was the top-performing U.S. diversified stock mutual fund of 2012, with a return of 39.6 percent. That's more than double the 16 percent return of the Standard & Poor's 500 index.

Associated Press

Mark Mulholland, a portfolio manager of the Matthew 25 mutual fund. Mulholland's fund posted an investment return of 31.6 percent in 2012. That's nearly double the return of the Standard & Poor's 500 index. The Matthew 25 Fund was the top-performing mutual fund in the large-growth stock category in 2012, according to Morningstar.

Associated Press

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The stock market posted impressive returns last year, even with the presidential election and the resulting political gridlock. It was a welcome change from 2011, when the market rose only slightly. The two top-performing stock mutual funds of last year posted returns greater than 35 percent, more than twice the gain of the broader market. But go back further than last year and their recent strength doesn't look as impressive. Both funds performed dismally in 2011.
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    • Portfolio managers Samantha McLemore, left, and Bill Miller, right, of the Legg Mason Capital Management Opportunity Fund. Legg Mason Capital Management Opportunity was the top-performing U.S. diversified stock mutual fund of 2012, with a return of 39.6 percent. Thatís more than double the 16 percent return of the Standard & Poorís 500 index.
    • Mark Mulholland, a portfolio manager of the Matthew 25 mutual fund. Mulhollandís fund posted an investment return of 31.6 percent in 2012. Thatís nearly double the return of the Standard & Poorís 500 index. The Matthew 25 Fund was the top-performing mutual fund in the large-growth stock category in 2012, according to Morningstar.
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