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The real estate sector was this week’s top-performing area, up 1.23%. The sector is up slightly 2.92% on a year-to-date basis. This is led by companies like American Tower Corp. (AMT), which is up over 21% on a YTD basis.
Explore our Mutual Fund Education section to learn more about important mutual fund concepts.
International Equities – International equities were a mixed bag this week. The MSCI Developed Index had an increase of 1.02%, while the MSCI Emerging Index had a decline of 0.63% for the week. Japan’s NIKKEI 225 broke its four-week positive trend and declined 1.47% to close at 19,591.
Commodities – The commodity sector showed gains this week, with crude oil increasing $2.49 per barrel and closing at $50.33 per barrel. The price of gold increased $27 per troy ounce to close at $1,253. Copper was also up $0.06 for the week to close at $2.58.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields dropped except for the 2-year. The 2-year Treasury yield remained flat, while the 10-year saw a decrease of 8 bps. The 30-year showed the largest decline by 9 bps.
Municipal Bonds – Municipals had a decline across all maturities. The 2-year AAA-rated bonds dropped 5 bps, the 10-year AAA-rated bonds dropped 10 bps and the 30-year AAA-rated bonds dropped 11 bps. Municipal bond funds also continued into the sixth week of net positive fund flows with over $327 million of inflows. The largest credit spread among Treasury and Muni bonds widened to 47 bps for the 5-year securities.
|Category||Top Subcategory||1-Month Subcategory Return (%)||Top Subcategory Performer||Ticker||MTD Fund Return (%)||Performance Rationale|
|U.S. Equity Fund||Large Cap Growth||3.70%||Zevenbergen Genea Institutional||ZVGIX||10.68%||The fund's largest holding is Amazon, Inc. (AMZN), which is up over 29% on a YTD basis.|
|International Equity||Europe Equities||8.45%||Voya Euro STOXX 50® Index Port I||IDJIX||11.32%||The fund invests in European-based companies, like those invested in the Euro STOXX 50 Index that is up over 18% year-to-date.|
|Commodities||Broad Basket||-0.30%||Victory CEMP Cmdty Vol Wtd Idx Strat C||CCOCX||0.83%||With commodities falling again this week, this fund was protected by being invested in 44% cash and 41% bonds as a hedge.|
|Taxable Bonds||High Yield Bond||1.09%||DDJ Opportunistic High Yield Instl||DDJIX||1.91%||With bond yields falling, high yield is still the most attractive for bond buyers.|
|Municipal Bonds||High Yield Municipal Bonds||0.49%||Nuveen High Yield Municipal Bond I||NHMRX||1.00%||With yields declining, high-yield muni bond funds continue to attract investor interest.|
This fund’s largest holding is in MakeMyTrip Limited (MMYT), which is up more than 59% YTD.
Top 5 Performers
The following table provides the top-performing mutual funds on a YTD basis as of May 19, 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.
|Top-Performing Fund||Ticker||Category||YTD Return (%)||Net Expense Ratio (%)||% of Assets in Top 10 Holdings||Net Assets $ (Millions)||Top Sector Invested|
|Wasatch Emerging India Institutional||WIINX||India Equities||29.33%||2.00%||35.00%||$154||Financial Services|
|Morgan Stanley Inst International Opp I||MIOIX||Foreign Large Cap Growth Equities||27.60%||1.34%||49.30%||$138||Technology|
|T. Rowe Price Global Technology||PRGTX||Global Equities||27.00%||0.90%||54.60%||$4,370||Technology|
|Morgan Stanley Inst Growth IS||MGRPX||Large Cap Growth Equities||25.99%||0.54%||56.90%||$3,510||Technology|
|Morgan Stanley Inst Global Opp I||MGGIX||Global Equities||25.69%||1.07%||53.50%||$925||Technology|
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