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Top Popular Funds     23-Jul-08 11:32 am    
Morningstar.com
The 10 Hottest-Selling Funds in the First Half
Monday July 21, 7:00 am ET
By Russel Kinnel

I'm going to discuss an increasingly rare breed: funds that are getting net inflows. With the markets getting pummeled, not many funds are drawing investor interest. Because you may well be considering one of these funds as something of a safe haven in rocky times, I'll run through the 10 funds with the greatest inflows in dollar terms for the first half of 2008. To be clear from the outset, none of these funds are true safe havens. Most have lost less than their peers in this market--and I'd expect that most would do so in most down markets--but these are all long-term funds that will likely lose money when their respective markets go in the tank.
...<snip>...

3. Ivy Asset Strategy A (NASDAQ:WASAX)
Inflows $6.8 billion or 81% of assets at the beginning of the year.
Wow. Ivy Asset strategy is a very bold fund that's been on the money of late. Last year a big bet on BRICs (Brazil, Russia, India, and China) paid off handsomely. That should have sunk the fund this year but they made huge short bets against the U.S. and Europe, so the fund is about flat for the year to date. Be prepared for the occasional nasty pothole when the managers' timing is off, but hats off to the great track record they've built.

http://biz.yahoo.com/ms/080721/244797.ht...
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murph_689

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Ivy Asset Strategy A (WASAX)

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