News Article | February 7, 2013 |
TheStreet (February 7, 2013): Sierra Core Retirement aims to avoid losing more than 4% in any downturn. So far the fund has succeeded. While the S&P 500 lost 37% in 2008, Sierra only declined 3.3%. During the past five years, Sierra has returned 8.1% annually, surpassing the S&P 500 by 3 percentage points.
Sierra invests in other mutual funds. Portfolio manager Ken Sleeper holds a mix of stock and bond funds, shifting the allocation as market conditions change. He looks for funds that excel in up and down markets.