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According to Lipper, the New York company that tracks fund performance, the weakest performing sector in 2004 is gold-oriented funds, which shed 10.2%.
The worst performing sector was telecommunications services, which was up 3.3percentt as a whole.
"We're trying to reposition the portfolio away from probably the worst performing sector — suburban office buildings," he said.
Tom Sanzillo, a former New York State comptroller who oversaw a $156bn pension fund, said: "Coal is arguably the worst performing sector in the whole world.
The best performing sector during the year was information technology, which rose 46.6percentt, according to the Standard & Poor's index of 10 market sectors.
It is uncanny how frequently the best performing sector in one year plunges to the bottom of the heap in the following year or two.
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And what were the worst performing sectors in 2010?
Over all, teenage retailing was among the worst performing sectors, declining 13.5percentt, according to Thomson Reuters.
Even the best performing sectors – namely grocers and clothing – have seen volumes continue to fall".
So all defensive sectors but also well performing sectors," Ms Coffey says.
Financial stocks fell 1.3 percent in the United States, among the worst performing sectors.
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