And while a carefully invested portfolio can rise with inflation, corporate pensions usually do not.

His all-Fidelity portfolio rose 25.49 percent in the quarter, the second best of the five.

Our portfolio was up 14 percent in the month of March and rose some more in April.

The five portfolios have risen an average of 80 percent since they were created four years ago.

His portfolio rose 4.42 percent as a result of diversified holdings that performed well.

Over the last three years through May 19, he said, his portfolio has risen some 2,300 percent to $43.5 million.

His portfolio of Fidelity funds rose 11.65 percent, to place first in the quarter.

Analysts said the average days left to maturity of securities in portfolios rose by one, to 64.

The second is that their own portfolios of stocks have sharply risen in value.

The portfolio rose 38 percent in November as the dollar's decline became more pronounced.