U.S. "fiscal cliff" and other woes will be dealt with effectively
Asia and Europe remain strong, Morningstar Canada data show
But that doesn't mean mutual funds can't make money
China leads, U.S. lags and Canadian equities were positive
Surge in gold stocks particularly challenging for dividend-focused managers
But portfolio managers are concerned that some governments in Europe are not addressing the debt issues they're facing
Expansion of money supply is golden for managers of precious metals equity funds
Advisors need to ask tough questions about mutual fund performance data
Biggest monthly increase seen in the most volatile sectors
Fixed-income fund portfolio managers say government bond issues have less upside potential than do corporate bonds