Best, Worst Funds During October's Big Rally

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(TheStreet) -- For investors, it was the worst of times followed by the best of times. September's slide set the groundwork for October's stock-market rally, the biggest in almost four decades. October is bestowing a blessing on mutual fund managers, as battered and beleaguered a group as you will find in the investment industry. A sustainable rally could lure individual investors back to equity funds after they stampeded out of them, frustrated by outsized volatility and gloomy forecasts for global economies. The S&P 500 Index, the benchmark for U.S. stocks, is up 13.5% for the month through Thursday, its best performance since a 16.3% gain in October 1974.
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