What the Consumer Confidence Report Means for Mutual Fund Investors

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What the Consumer Confidence Report Means for Mutual Fund Investors

Shauna O'Brien

|

Consumer Confidence
Consumer confidence fell to its lowest point since May 2013 on Tuesday, due to looming fears over the job market and economic growth.

Inside the Report

The report noted that the confidence index has fallen to 86.0 – the lowest point since May 2014 when the index was at 82.0.

This decline comes after impressive August data, which was reported at 93.4 – the highest point since before the Great Recession.

The decline was primarily due to fears regarding the job market, future earnings potential as well as weak economic growth.

This data comes after the consumer sentiment survey, which was published last week. The survey showed the most optimistic outlook since May 2013.

Mutual Funds to Watch

Reports with a direct relation to consumer spending can have an impact on consumer-focused stocks (such as retail) as well as the mutual funds that hold a high amount of exposure to these companies.

Below are mutual funds that focus primarily on consumer investments.

Ticker Mutual Fund
FSRPX Fidelity® Select Retailing Portfolio
RYLSX Rydex Series Trust Leisure Fund Class A
FCNAX Fidelity Advisor® Consumer Discretionary Fund Class A
FSHOX Fidelity® Select Construction & Housing Portfolio

The Bottom Line

Mutual fund investors that own consumer-focused mutual funds should pay close attention to economic reports that focus on the state of consumer spending.

These reports are a good indicator for consumer goods focused companies.

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Find out why $30 trillon is invested in mutual funds.

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Consumer Confidence

What the Consumer Confidence Report Means for Mutual Fund Investors

Shauna O'Brien

|

Consumer confidence fell to its lowest point since May 2013 on Tuesday, due to looming fears over the job market and economic growth.

Inside the Report

The report noted that the confidence index has fallen to 86.0 – the lowest point since May 2014 when the index was at 82.0.

This decline comes after impressive August data, which was reported at 93.4 – the highest point since before the Great Recession.

The decline was primarily due to fears regarding the job market, future earnings potential as well as weak economic growth.

This data comes after the consumer sentiment survey, which was published last week. The survey showed the most optimistic outlook since May 2013.

Mutual Funds to Watch

Reports with a direct relation to consumer spending can have an impact on consumer-focused stocks (such as retail) as well as the mutual funds that hold a high amount of exposure to these companies.

Below are mutual funds that focus primarily on consumer investments.

Ticker Mutual Fund
FSRPX Fidelity® Select Retailing Portfolio
RYLSX Rydex Series Trust Leisure Fund Class A
FCNAX Fidelity Advisor® Consumer Discretionary Fund Class A
FSHOX Fidelity® Select Construction & Housing Portfolio

The Bottom Line

Mutual fund investors that own consumer-focused mutual funds should pay close attention to economic reports that focus on the state of consumer spending.

These reports are a good indicator for consumer goods focused companies.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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