The fund dropped 10 percent in August and remains flat for the year, according to a person briefed on the fund's results.
By June 30, 2001, the funds had dropped to $91.8 billion, a 13 percent decrease.
Six months later, the funds had dropped by nearly an additional $10 billion.
That fund dropped only 5.4 percent in the quarter and is now up 7.1 percent so far in 1998.
His five funds, worth £180,000 at first, dropped by £10,000 before recovering by £8,000.
Sure, most of us saw our mutual funds drop through the floor in 2002.
In 1999, the typical short fund dropped 24.4 percent; Rocker rose 39 percent.
Then some funds dropped their upfront loads and tacked on two other charges.
The company said last week that its funds from operations dropped by 27.5 percent in the third quarter, versus the period last year.
The fund dropped its hefty 4.5 percent sales charge on Feb. 28.