In the short term, though, fund investors have lost a lot. The average domestic stock fund in Morningstar’s database fell 16.2 percent in the third quarter.
….International stock funds, down 18.3 percent, fared worse than domestic ones and were dragged down by a 23.7 percent decline in Europe portfolios.
via Mutual Funds Dragged Down by Global Economic Unease – NYTimes.com.