The average fund invested in emerging markets fell 7 percent.

That is far worse than the performance of the average mutual fund.

And its 72 percent gain in the most recent 12 months more than doubles that of the average fund.

The average fund of its type gets a 1.

But that's no worse than the average fund investing in small companies.

The average fund's portfolio matures in 31 to 40 days.

But the average fund still remained 17.49 percent below the level of mid-July 1990.

The average diversified fund is down 0.22 percent in that period.

Turnover, at 107 percent, was moderately above that of the average fund.

That compares with $1 billion for the average mutual fund.