Past top performance hasn't prevented investors from withdrawing money from some stock funds. That's one of the findings of some data from
Morningstar, as
reported by
Bloomberg's Charles Stein. According to Morningstar, the top one percent of performers in each U.S. stock fund category (as of 2007) still suffered combined outflows of $1.11 billion in the first quarter of 2009.
Kenneth Heebner's
CGM Focu,
Fidelity Leveraged Company Stock and
Janus Contrarian topped Morningstar's list.
Stein also drew on data from
Dalbar and cited Morningstar senior analyst
Andrew Gogerty,
T. Rowe Price CFP
Stuart Ritter, Morningstar analyst
Miriam Sjoblom,
Lipper senior research analyst
Jeff Tjornehoj and
Adviser Investments'
Daniel Wiener as experts. 
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