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January 9, 2017

Patience paid off for fund investors in 2016

By STAN CHOE
AP Business Writer

NEW YORK — Last year was a fantastic one for fund investors, at least for those resilient enough to hold on through the stomach-churning turns the market took.

Most mutual funds, 87 percent of those tracked by Morningstar, made money in 2016, even though many investors were bracing for the opposite early in the year. And the gains were widespread. Whether they focused on stocks of big U.S. companies, bonds from emerging markets or gold bars stored in a London vault, funds delivered positive returns to investors who stuck with them through the roller-coaster year.


 
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