In Brief: Apr. 23, 2001

DOUBLE WHAMMY Of the 2,841 mutual funds that lost money last year, 81% added insult to injury by slamming investors with capital-gains distributions. Standish Small Cap Equity was the worst offender, with a 65.4% payout on top of a 19.3% loss. On average, taxes eat more than 2.5% of returns, and starting this week fund profiles will have to disclose expected tax bites.

Funds with the Biggest Losses, Capital Gains


Apex Mid Cap Growth -76.0% 21.8% ProFunds Ultra OTC -73.7% 12.2% CS Warburg Pincus Japan Small Co. -71.8% 50.4% Internet Index Fund -70.9% 9.3% ING Internet...

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