Top Performing Funds of 2007
According to Morningstar, here’s the top ten performing mutual funds of 2007
1. Direxion Commodity Bull 2X Inv (DXCLX) : 87.6%
2. Direxion Latin America Bull 2X Inv (DXZLX): 83.7%
3. CGM Focus (CGMFX): 79.9%
4. AIM China A (AACFX): 74.9%
5. Nationwide China Opportunities A (GOPAX): 74%
6. Matthews China (MCHFX): 70.1%
7. Profunds Ultra Emerging Markets (UUPIX): 70.1%
8. T. Rowe Price New Asia (PRASX): 66.4%
9. Guinness Atkinson China & Hong Kong (ICHKX): 65.1%
10. Matthews India (MINDX): 64.1%
Unfortunately I didn’t own any of them. Recently, I did jump in CGMFX though, and hopefully it’ll keep up its momentum. A large part of its returns came from shorting Countrywide CFC. I hope they exited the position. Today Bank of America (BAC) announced they would be acquiring CFC. The stock was 50%+ on the news!
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