Mutual Funds Weekly Roundup: June 8

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Mutual Funds Weekly Roundup: June 8

Brian Mathews Jun 08, 2017



  • U.S. markets have a stellar week of gains, with the Dow Jones Industrial Average increasing 0.59% this week to a new all-time high of 21,206.
  • The best-performing fund so far for 2017 is the T. Rowe Price Global Technology (PRGTX).
  • Japan Stock is the best-performing 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 telecommunications sector was this week’s top-performing area, up 2.22%, although it is the second-worst performer on a year-to-date basis, being down 7.50%. This is led by wireless phone companies like AT&T (T) and Verizon Communications (VZ), which are up over 1.97% and 2.41% for the week, respectively.

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 1.74%, while the MSCI Emerging Index had a slight decrease of 0.12% for the week. Japan’s NIKKEI 225 had its second week in a row of big gains, up 1.84% to close at 20,177.

Commodities – The commodity sector was mostly down, with the exception of gold. Crude oil decreased $1.24 per barrel and closed at $47.66 per barrel. The price of gold increased for the third week in a row, up $21 per troy ounce to close at $1,277. Copper, on the other hand, was down $0.02 for the week to close at $2.57.

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

Taxable Bonds – Treasury yields all declined this week besides the 2-year. The 2-year Treasury remained flat while the 10-year Treasury yield dropped 9 bps. The 30-year Treasury yield had the largest decline this week, down 10 bps to 2.81%.

Municipal Bonds – Municipals declined across all maturities. The 2-year AAA-rated bonds dropped 3 bps, the 10-year AAA-rated bonds dropped 9 bps, and the 30-year AAA-rated bonds dropped 11 bps. Municipal bond funds broke seven weeks of net positive fund flow with $116 million of outflows. The largest credit spread among Treasury and muni bonds widened to 50 bps for the 5-year securities.


Performance Snapshot: Top Fund Category



Performance Snapshot: Top Fund


With over 68% in technology, the fund is this year’s best-performing fund. Its largest holding is in Salesforce.com (CRM), which is up more than 32% YTD.

Top 5 Performers

The following table provides the top-performing mutual funds on a YTD basis as of June 2, 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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