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Other fund categories showed net losses as sponsors merged or liquidated funds.
Bear funds were among very few Morningstar fund categories to end the fourth quarter of 2008 in positive territory.
Since April, Internet mutual funds have been entrenched as the worst performing among all domestic fund categories.
Only four of the nine fund categories beat their benchmarks for the first 11 months of 2000.
The average expense ratio of the 18 TIPS funds tracked by Morningstar is 0.51percentt of assets, which is competitive with other bond fund categories.
Indeed, of the 33 equity fund categories tracked by Morningstar, only one -- bear market funds -- posted a negative return for the quarter.
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BONDS Average returns, by fund category.
Every foreign stock fund category was a loser.
The fund category, target maturity funds, invests primarily in zero-coupon United States government bonds.
That makes technology the best-performing equity fund category so far this year.
Charts: Stocks vs. Bonds Average returns, by mutual fund category, for the fourth quarter of 2006.
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