11.   But are these rankings reliable guides for fund investors?

12.   But at the time, aggressive growth funds, which invest in stocks of small, fast-growing companies, were much more in favor among fund investors.

13.   But for many stock fund investors, the pain in the first quarter was even worse than the averages suggest.

14.   But in recent years, fund investors have shown a remarkable ability to ride out market slumps.

15.   But many fund investors appear sanguine so far, in part because they have not yet lost substantial amounts.

16.   But the staff plans to sample fund investors for their preference, she said.

17.   But there were bright spots for fund investors, starting with bonds.

18.   Civil lawsuits recovered some money for fund investors, but Cornfeld spent years trying unsuccessfully to retrieve his shattered empire, whose collapse he always blamed on Vesco.

19.   Considering the widespread losses for fund investors this year, a tax bill may be adding insult to injury.

20.   Each year, around November and December, financial advisers tell fund investors to avoid buying more shares because of concerns about tax liabilities, Lawson said.