Mutual Funds: THIRD-QUARTER REVIEW FOR INVESTORS : Back to Single Digits

Some of the mutual fund industry’s major growth-stock funds produced relatively low returns in 1992 and ’93 and so far this year are in negative territory or up only slightly. But at most of these funds, assets haven’t declined much, indicating that most shareholders have stayed put.

Total investment return Assets (millions) Fund ’92 ’93 ’94 Peak Now AIM Weingarten -1.4% +1.5% +0.9% $5,600 $3,910 CommonSenseGrowth +7.2 +9.4 -1.6 2,200 2,100 Dreyfus Fund +5.5 +6.4 -2.5 3,150 2,740 IDS Growth +8.1 +8.6 +2.4 1,100 1,000 Kemper Blue Chip -1.2 +3.8 -4.2 200 174 Phoenix Growth +4.3 +4.4 -0.7 2,490 2,130 20th Century Growth -4.3 +3.8 -1.2 5,000 4,200 Value Line +4.7 +6.8 -3.8 331 287 Vanguard U.S. Growth +2.8 -1.5 +2.1 1,970 1,960 Avg. gen. stock fund +8.9 +12.5 -0.5

Source: Lipper Analytical Services