Mutual Funds Weekly Roundup: May 4

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Mutual Funds Weekly Roundup: May 4

Brian Mathews May 04, 2017

  • U.S. markets all had big gains, with the Dow Jones Industrial Average closing at 20,941.
  • The best-performing fund so far for 2017 is Wasatch Emerging India Institutional (WIINX).
  • India Equities continued 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 information technology sector was this week’s top-performing area with a 2.63% return. The sector is up 15.41% on a year-to-date basis and is the best-performing sector. This is led by companies like Apple Inc. (AAPL) and Alphabet Inc. (GOOG), which are both up over 26% and 17%, respectively, on a YTD basis.

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

International Equities – International equities followed suit to the U.S. equity markets and ended in the positive for the week. The MSCI Developed Index had an increase of 3.12%, while the MSCI Emerging Index gained 1.74% for the week. Japan’s NIKKEI 225 continued its second week of gains, up 3.09% and closing at 19,197.

Commodities – The commodity sector showed declines for the most part, with crude oil falling $0.29 per barrel and closing at $49.33 per barrel. The price of gold also declined $21 per troy ounce to close at $1,266. Copper had the only increase, up $0.07 per pound to close at $2.61.

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

Taxable Bonds – Treasury yields showed little movement, with the two-year Treasury yield increased by 1 bps to 1.26%. The 10-year Treasury saw a decrease of 3 bps to 2.28%, while the 30-year Treasury remained flat at 2.95%.

Municipal Bonds – Municipal yields gained across the board for all maturities. The two-year AAA-rated bonds increased 3 bps to 1.01%. The 10-year AAA-rated municipal increased by 10 bps, while the 30-year increased by 12 bps. For the third week in a row, muni bond funds showed an inflow, registering $217 million last week.

Credit spreads decreased this week, with the largest spread between the five-year Treasury and the AAA-rated municipal decreasing 7 bps to 36 bps. The trend for longer-term bonds reversed this week, with the 30-year AAA-rated municipal bonds now yielding 7 bps more compared to its 30-year Treasury counterpart.

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

Performance Snapshot: Top Fund Category

Performance Snapshot: Top Fund

This fund’s largest holding is in MakeMyTrip Limited (MMYT), which is up more than 81% YTD.

Top Five Performers

The following table provides the top-performing mutual funds on a YTD basis as of April 28, 2017. Only those funds that are rated five stars by Morningstar and that generated YTD returns greater than equal to that achieved by the S&P 500 are included.

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