The WSJ's second quarter review of funds is light on news in favor of quizzes and a primer on commodities.

One concept that fund executives may find intriguing is the paper's "ETF Death Watch" which takes a guess at which of the 791 products will prove too small to survive (the MFWire.com thinks a more interesting version of the watch would look at the advisors rather than the ETFs). The article does not actually predicts closing, but rather reflects on the where's and why's of the 16 that closed so far this year.

While the average diversified U.S. equity fund lost 10.5 percent in the quarter (see the WSJ performance roundup), there were some winners, though the Fund Fiend focuses on the struggles of emerging markets funds instead. Tom Lauricella, the Fund Fiend, praises Julius Baer while holding Franklin Templeton and Fidelity up for scrutiny.

Meanwhile, CGM Focus is one of the few funds highlighted in the special section in an article by Daisy Maxey. The commodity focused fund run by Kenneth Heebner won the paper's contest for the top performing fund in the quarter. It currently has $10.2 billion in AUM, but that may change going forward. Heebner also took second place with the $713 million CGM Mutual.

Basic Materials UltraSector ProFund-Investor Shares took third place while Janus locked down fourth and fifth with the Janus Twenty and Janus Aspen Forty Institutional funds. 

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