Today, we are featuring top-performing “Utilities" equity mutual funds, which primarily invest in equity securities of utilities, including telecom companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Utilities Equity Funds.

3 Powerful Picks

Columbia World Equity Fund A (CGUAX) seeks long-term growth by investing primarily in global equities. It was incepted in October 1991.

The fund invests at least 80% of its net assets in U.S. and foreign equity securities. It invests at least 25% of its total assets in the securities of utility companies. The fund may invest up to 75% of its assets in U.S. and foreign equity securities and investment grade debt securities not issued by utility companies.

Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy") fund. It has an expense ratio of 1.40%.

Colin Moore has been lead manager of the fund

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U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time record 936 points – on a Federal Reserve-led push to flood the ailing global financial system with dollars and on a U.S. government plan to buy stakes in banks.

U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time record 936 points – on a Federal Reserve-led push to flood the ailing global financial system with dollars and on a U.S. government plan to buy stakes in banks. The rally was sparked by commitments from the major financial nations to cooperate in getting the credit markets functioning again, and by news that U.S. officials were putting the finishing touches on Washington’s version of a rescue plan under which the U.S. Treasury Department will invest an estimated $125 billion in nine major U.S. banks, and another $125 billion in smaller financial institutions, Bloomberg News reported early this morning (Tuesday). The White House announced that U.S. President George W. Bush would meet at 7:30 a.m. EDT today with members ...

Gottex Hedge FundGottex Fund Management - William LandesProducts as the one below are interesting to watch grow, or not as they try to sometimes sell products to groups which traditionally have build their own portfolio's in-house with the aide of consultants.The following piece on Gottex Fund is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.___________________________________Swiss funds-of-funds firm Gottex Fund Management is launching a fund that will emulate the investment principles of U.S. “super endowments.” The new fund will emulate the investment principles of successful U.S. university endowment funds, such as Harvard and Princeton. It will allocate about ...

Asset Management FinanceAsset Management Finance (AMF) CorporationThe following piece on Asset Management Finance Corp is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.This story is about how Credit Suisse purchasing Asset Management Finance Corp. which provides funding to early stage hedge funds in exchange for revenue sharing on future fund earnings. It will be interesting to see if Credit Suisse significantly alters AMF's due diligence process while looking at funds, or presses them to fund Credit Suisse associated groups...___________________________________Credit Suisse Group AG, Switzerland's second-biggest bank, bought New York-based Asset Management Finance Corp. for $384 million to provide financing to investment ...