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But they were perhaps not "vibrant" enough to stand out in the cluttered mutual funds category, he added.
Natural resources funds led the sector funds category.
This value-oriented portfolio has logged an 18.6% return over five years, besting the global funds category by 5.3 points.
Yale School of Management professor William Goetzmann suggests using Treynor ratios this way: Look at funds category by category (small-company value, small-company growth, large-company value, etc)., and go for one of the high scorers in each category.
And the fund has been among the ten top-performing funds in Value Line's flexible funds category for the trailing 3-, 5-, 10- and 20-year periods, achieving this with little risk.
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BONDS Average returns, by fund category.
Every foreign stock fund category was a loser.
Many of these inter-group differences are specific to R01 grants, the largest funding category in the NIH.
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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CEO of Professional Science Editing for Scientists @ prosciediting.com