The 10 Strangest Mutual Funds
The Congressional Effect Fund (CEFFX)
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This fund’s manager sees politicians’ disruptive influences as so far-reaching that whenever Congress is in session, he pulls completely out of the stock market and moves the entire portfolio into cash, treasuries, and money market funds. "Over the very long haul, it's almost always bad for the market," manager Eric Singer says of congressional action. Unfortunately, those pesky politicians on Capitol Hill seem to think Congress needs to be in session every now and then, so the fund has largely missed out this year on the furious rally in stock prices.
The StockCar Stocks Index (SCARX)