Karin Anderson outlines a few funds that kept their hands out of the financials cookie jar in a handy article for Morningstar.
She highlights the Pioneer Cullen Value fund as a large-value fund that has focused on large companies with competitive positions despite having 15 percent in financial stocks. The fund avoided Lehman, AIG, and Fannie and Freddie, while holding larger positions in Bank of America and JPMorgan Chase.
FPA Crescent, she says, is a moderate-allocation fund with over 40 percent of its assets in cash. And everyone has been losing money this year, so this fund's 2.6 percent loss doesn't seem so bad compared to the typical 12.6 percent drop.
