Mutual Funds Weekly Roundup: January 26

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Mutual Funds Weekly Roundup: January 26

Brian Mathews Jan 26, 2017

  • Dow Jones Industrial Index (DJIA) declined, but S&P 500 and NASDAQ showed marginal gains.
  • Markets bounced back on Friday, as Donald Trump took office.
  • The best-performing fund for 2017, so far, is the Invesco Gold & Precious Metals Investor (FGLDX).

Market Wrap-Up

The consumer staples sector was the week’s best performer, up 2.05% for the week and up 1.62% for the year. As investors worry about the economy’s future, consumer staples are considered one of the more defensive sectors in the market.

International Equity – International markets were also sluggish for the week, with the MSCI Developed Index decreasing 0.47% for the week and the MSCI Emerging Index down 0.30%. Japan’s NIKKEI showed little gain, up only 0.02% for the week.

Commodities – The commodity sector was mixed, with oil declining $0.59 per barrel, or -1.11%, and closing at $52.42 per barrel. The price of gold continued its positive trend for the fourth week in a row and was up $5 per troy ounce. Copper, on the other hand, declined $0.05 per pound, or -1.88%.

Be sure to check our important tips on how to invest in the right commodity-based mutual fund.

Taxable Bonds – Long-term Treasury bond yields increased for the week, while the 2-year Treasury remained flat. Both the 10-year and 30-year Treasuries increased 7 bps and 6 bps, respectively. Now that the Fed has finally raised interest rates, it’s a good time to become familiar with how to rebalance your portfolio based on interest rate hikes.

Municipal Bonds – Short-term AAA-rated 2-year municipal yields dropped 1 bps to 1.12%. The 10-year and 30-year AAA-rated municipals both increased their yields by 12 bps from the week prior. Municipal fund flows showed second consecutive week of inflows, with a $546 million increase of assets.

Performance Snapshot: Top Fund Category

Performance Snapshot: Top Fund

This fund is heavily invested in gold mining companies, with the top holding Torex Gold Resources Inc (TXG) which is up over 32% year-to-date.

The following table provides the top-performing mutual funds on a YTD basis, as of January 20, 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.

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