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Only a handful of small funds concentrate on the Middle East.
Some funds concentrate on single countries, others on regions or on emerging markets worldwide.
Most high-yield funds concentrate their holdings in securities rated B or BB, but some go as high as AAA, while others go as low as securities with no rating.
The first two funds concentrate on charities in particular sectors, as their names suggest: the Engaging Young Lives Fund and the Fulfilling Older Lives Fund.A host of new tax-favoured opportunities have been coming on stream at the same time, guided by Sir Ronald Cohen, a private-equity grandee, philanthropist and chairman of the British government's Social Investment Taskforce.
While most resource-oriented funds concentrate on just energy or precious metals producers, Sturm long ago decided that his fund would invest as broadly as possible to capture all the angles.
Some mutual funds concentrate on company growth and don't care much about dividend payments.
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Funds concentrating on mortgages lost $5.2 billion, and funds buying both mortgages and Treasuries lost $11.9 billion.
There were also outflows of $2.5 billion from funds concentrating just on Treasuries.
How the hedge funds concentrated in lower Fairfield County will fare remains to be seen.
By contrast, funds concentrating on natural resources, a darling of investors for so long, lost 35percentt.
Diversified funds with many large stocks were not badly damaged, while funds concentrated in technology stocks were.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com