The Decade's 10 Worst Fund Disasters

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The Merrill Lynch Internet Strategies Fund

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In March 2000, the very month that the dot-com bubble burst, Merrill Lynch launched its Internet Strategies Fund. Talk about dismal timing. “People thought that somehow the Internet boom was going to go on forever,” says Russel Kinnel, Morningstar’s director of mutual fund research. The fund lasted only a year before closing its doors.

Next: The Chicken Little Growth Fund


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