Mutual Funds Weekly Roundup: April 6

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Weekly Market Report


Mutual Funds Weekly Roundup: April 6

Brian Mathews Apr 06, 2017

  • U.S. markets were positive for the week, with the Dow Jones Industrial Average closing at 20,663.
  • The best-performing fund so far for 2017 is Wasatch Emerging India Institutional (WIINX).
  • India Equities continues to be the best-performing year-to-date and rolling one-month mutual fund subcategory.
  • Make sure to check out the previous edition of the Weekly Roundup to keep track of changing trends.

Market Wrap-Up

The energy sector was this week’s top-performing area, with a positive 2.21% return. With oil seeing a big increase this week, energy stocks benefited. However, the sector is still the worst-performing area on a year-to-date basis, down 6.68%.

Explore our Mutual Fund Education section to learn more about important mutual fund concepts.

International Equities – International equities did not perform as well as the U.S. equity markets. The MSCI Developed Index had a slight increase of 0.06%, while the MSCI Emerging Index saw a decline of 1.05% for the week. Japan’s NIKKEI 225 continues to fall for the third week in a row, down 1.83%, and closed at 18,909.

Commodities – The commodity sector was the best-performing area, with oil increasing $2.63 per barrel and closing back above the $50 mark to $50.60 per barrel. The price of gold had a moderate decline of $1 per troy ounce to $1,247, while copper increased by $0.02 per pound to close at $2.65.

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

Taxable Bonds – Treasury yields declined slightly across all maturities except in the longer term. The two-year Treasury yield decreased by 1 bps to 1.25%. The 10-year Treasury saw a modest decline of 2 bps to 2.39%. The 30-year Treasury remained flat for the week and continues to yield 3.01%.

Municipal Bonds – Municipal yields declined across all maturities, with the two-year AAA-rated bonds decreasing 1 bps to 1.03%. The 10-year AAA-rated municipal decreased by 4 bps while the 30-year decreased by 3 bps. For the second week in a row, municipal bond funds showed inflows of $124 million.

Credit spreads remained relatively unchanged, with the largest spread still remaining between the five-year Treasury and the AAA-rated municipal at 34 bps.

You can also read essential tax tips for mutual funds so that you are aware of key strategies to limit your tax burden.

Performance Snapshot: Top Fund Category

Performance Snapshot: Top Fund

This fund is heavily invested in gold, which is up over 5% year-to-date.

Top 5 Performers

The following table provides the top-performing mutual funds on a YTD basis, as of March 31, 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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