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The consumer discretionary sector was the week’s best performer, up 0.84% for the week and up more than 3% for the year. This is likely due to the strength in the economy, which is causing consumers to spend more of their income on discretionary items.
International Equity – Unlike the U.S. markets, the international markets were up, with the MSCI Developed Index increasing 0.82% for the week and the MSCI Emerging Index up 1.69%. Japan’s NIKKEI corrected from the week before, down 0.86% for the week. The Yen dropped 1.61% compared to the dollar over the last week, partially contributing to the poor performance in the NIKKEI.
Commodities – The commodity sector was mixed, with oil down $1.62 per barrel, or 3.00%, and closing at $52.37 per barrel. The price of gold continued its positive trend for the third week in a row and was up $23 per troy ounce. Copper continued to show a positive trend with a big gain this week, up $0.14 per pound or 5.49%.
Be sure to check our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – The Treasury bond yields all declined for the week, with the 2-year Treasury yield decreasing 2 bps to 1.19%. Both the 10-year and 30-year treasuries went down by 2 bps. Now that the Fed has finally raised interest rates, become familiar with how to rebalance your portfolio based on interest rate hikes.
Municipal Bonds – Along with Treasuries, municipal bond yields also decreased across the board.
Both the 2-year AAA-rated and the 10-year AAA-rated municipal bond yields decreased 7 bps and 10 bps, respectively, from the week before. The 30-year AAA-rated municipal bond yield declined 9 bps from the week prior. Municipal fund flows finally showed inflows of $79 million, recovering from a 7-week trend of outflows.
Category | Top Subcategory | MTD Subcategory Return (%) | Top Subcategory Performer | MTD Fund Return (%) | Performance Rationale |
---|---|---|---|---|---|
U.S. Equity Fund | Large Growth | 1.51% | AMREX | 7.16% | Fund has large exposure to health care, which is one of the best-performing sectors this year. |
International Equity | Latin American Stock | 6.57% | SLARX | 7.80% | The Latin American sector is the best-performing international sector and this fund specializes in this area. |
Commodities | Broad Basket | 0.97% | QRCRX | 3.02% | Fund has high exposure to gold, which had big gains for the week. |
Taxable Bonds | Long Government | 2.67% | PEDIX | 4.82% | Fund invests in government bonds of longer maturity. As Treasury yields dropped, long-term bond prices rose the most. |
Municipal Bonds | Muni California Long | 1.65% | NHCAX | 2.88% | With bond yield declining over the past week, high-yield bonds had big gains. |
This fund is heavily invested in gold mining companies, with the top holding Klondex Mines Ltd. (KLDX) up more than 10% for the year.
The following table provides the top-performing mutual funds on a YTD basis, as of Jan. 13, 2017. Only those funds that are rated 5 stars by Morningstar and that generated YTD return greater than that achieved by the S&P 500 are included.
Top-Performing Fund | Ticker | Category | YTD Return (%) | Net Expense Ratio (%) | % of Assets in Top 5 Holdings | Net Assets $ (Millions) | Top Sector Invested |
---|---|---|---|---|---|---|---|
US Global Investors Gld & Prec Mtls | USERX | Precious Metals | 11.51% | 2.13% | 37.71% | $91 | Basic Materials |
Invesco Gold & Precious Metals Investor | FGLDX | Precious Metals | 10.89% | 1.54% | 23.62% | $289 | Basic Materials |
T. Rowe Price Global Technology | PRGTX | Global Equities | 7.41% | 0.91% | 31.67% | $3,250 | Technology |
First Eagle Gold | FEGOX | Precious Metals | 7.13% | 2.14% | 40.79% | $1,100 | Basic Materials |
Fidelity Select Medical Equip & Systems | FSEMX | Health & Biotech Equities | 6.49% | 0.76% | 45.90% | $2,660 | Healthcare |
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Kristan Wojnar, RCC™
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Find out why $30 trillon is invested in mutual funds.
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The consumer discretionary sector was the week’s best performer, up 0.84% for the week and up more than 3% for the year. This is likely due to the strength in the economy, which is causing consumers to spend more of their income on discretionary items.
International Equity – Unlike the U.S. markets, the international markets were up, with the MSCI Developed Index increasing 0.82% for the week and the MSCI Emerging Index up 1.69%. Japan’s NIKKEI corrected from the week before, down 0.86% for the week. The Yen dropped 1.61% compared to the dollar over the last week, partially contributing to the poor performance in the NIKKEI.
Commodities – The commodity sector was mixed, with oil down $1.62 per barrel, or 3.00%, and closing at $52.37 per barrel. The price of gold continued its positive trend for the third week in a row and was up $23 per troy ounce. Copper continued to show a positive trend with a big gain this week, up $0.14 per pound or 5.49%.
Be sure to check our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – The Treasury bond yields all declined for the week, with the 2-year Treasury yield decreasing 2 bps to 1.19%. Both the 10-year and 30-year treasuries went down by 2 bps. Now that the Fed has finally raised interest rates, become familiar with how to rebalance your portfolio based on interest rate hikes.
Municipal Bonds – Along with Treasuries, municipal bond yields also decreased across the board.
Both the 2-year AAA-rated and the 10-year AAA-rated municipal bond yields decreased 7 bps and 10 bps, respectively, from the week before. The 30-year AAA-rated municipal bond yield declined 9 bps from the week prior. Municipal fund flows finally showed inflows of $79 million, recovering from a 7-week trend of outflows.
Category | Top Subcategory | MTD Subcategory Return (%) | Top Subcategory Performer | MTD Fund Return (%) | Performance Rationale |
---|---|---|---|---|---|
U.S. Equity Fund | Large Growth | 1.51% | AMREX | 7.16% | Fund has large exposure to health care, which is one of the best-performing sectors this year. |
International Equity | Latin American Stock | 6.57% | SLARX | 7.80% | The Latin American sector is the best-performing international sector and this fund specializes in this area. |
Commodities | Broad Basket | 0.97% | QRCRX | 3.02% | Fund has high exposure to gold, which had big gains for the week. |
Taxable Bonds | Long Government | 2.67% | PEDIX | 4.82% | Fund invests in government bonds of longer maturity. As Treasury yields dropped, long-term bond prices rose the most. |
Municipal Bonds | Muni California Long | 1.65% | NHCAX | 2.88% | With bond yield declining over the past week, high-yield bonds had big gains. |
This fund is heavily invested in gold mining companies, with the top holding Klondex Mines Ltd. (KLDX) up more than 10% for the year.
The following table provides the top-performing mutual funds on a YTD basis, as of Jan. 13, 2017. Only those funds that are rated 5 stars by Morningstar and that generated YTD return greater than that achieved by the S&P 500 are included.
Top-Performing Fund | Ticker | Category | YTD Return (%) | Net Expense Ratio (%) | % of Assets in Top 5 Holdings | Net Assets $ (Millions) | Top Sector Invested |
---|---|---|---|---|---|---|---|
US Global Investors Gld & Prec Mtls | USERX | Precious Metals | 11.51% | 2.13% | 37.71% | $91 | Basic Materials |
Invesco Gold & Precious Metals Investor | FGLDX | Precious Metals | 10.89% | 1.54% | 23.62% | $289 | Basic Materials |
T. Rowe Price Global Technology | PRGTX | Global Equities | 7.41% | 0.91% | 31.67% | $3,250 | Technology |
First Eagle Gold | FEGOX | Precious Metals | 7.13% | 2.14% | 40.79% | $1,100 | Basic Materials |
Fidelity Select Medical Equip & Systems | FSEMX | Health & Biotech Equities | 6.49% | 0.76% | 45.90% | $2,660 | Healthcare |
Receive email updates about best performers, news, CE accredited webcasts and more.
Kristan Wojnar, RCC™
|
We are exploring the topics of virtual nonverbal communication, getting your blogs to...
Justin Kuepper
|
Let’s take a look at a few key pieces of advice to stop...
News
Iuri Struta
|
Most equities have continued their rally these past two weeks, along with investment-grade...
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...