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Top mutual funds of 2012 rebound

The stock market posted impressive returns last year, even with the presidential election and the resulting political gridlock. It was a welcome change from 2011, when the market rose only slightly.

By Mark Jewell | Updated on January 03, 2013

BOSTON (AP) — The stock market posted impressive returns last year, even with the presidential election and the resulting political gridlock. It was a welcome change from 2011, when the market rose only slightly.

The two top-performing stock mutual funds of last year posted returns greater than 35 percent, more than twice the gain of the broader market. But go back further than last year and their recent strength doesn’t look as impressive. Both funds performed dismally in 2011.

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