NEW YORK (AP) — Fabulous can have a flip side.
It’s something investors should remember as mutual funds’ five-year return figures grow more eye-popping by the day. Many funds have more than doubled over that time, but that’s due in part to the calendar creeping closer to the five-year anniversary of the March 9, 2009 bottom for the market. That means the darkest days of the financial crisis are no longer counted in five-year returns, leaving only the recovery that sent the Standard & Poor’s 500 index to a record high.
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