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Apr 23, 2009

Permanent Portfolio Fund – A Secure Mutual Fund

NEW YORK (Fortune) — Very few of the esoteric funds touted during the last boom protected investors from the severe downdraft of 2008, but some stumbled far less than others.

One of those that fared better was the Permanent Portfolio fund, which has Morningstar’s top-notch five-star rating. The fund fell 8.4% in 2008, versus a severe 38.5% drop in the S&P 500 index (SPX). And despite its down year, the fund has a five-year annualized return of 6.6%.

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