By David Bogoslaw

Best Stock Ideas for the Second Half

With the stock market down by double digits as of June 29, from its near-term peak on April 23, equity investors again seem skittish. Wary of overpaying for holdings, they seem to prefer to wait for confirmation that the bull market that began in March 2009 will continue.

Where should they be looking now? Managers of 8 of the top 20 diversified U.S. equities mutual funds, according to Bloomberg Rankings, told Businessweek.com their top picks for the second half of 2010. The fund ranking is as of June 18 and takes into consideration one-year, three-year, and five-year total returns, as well as three-year and five-year Sharpe ratios.

View the full list of funds here.