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News

Mutual Funds Weekly Roundup: June 15

Brian Mathews Jun 15, 2017



  • The Dow Jones Industrial Average (DJIA) was the only major U.S. equity index that ended this week in positive territory, increasing 0.31% to a new all-time high of 21,272.
  • The best-performing fund so far for 2017 is the Wasatch Emerging India Institutional (WIINX).
  • China Equities 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 financials sector was this week’s top-performing area, up 3.60%, and up 4.92% on a year-to-date basis. This was led by top banks like JPMorgan (JPM) and Wells Fargo Co. (WFC), which are both up 5.05% and 4.58% for the week, respectively.

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

International Equities – Like the U.S. markets, international equities were also a mixed bag this week. The MSCI Developed Index had a decrease of 1.16%, while the MSCI Emerging Index rose 0.36% for the week. Japan’s NIKKEI 225 had a decline after two weeks of big gains and is down 0.81% to close at 20,013.

Commodities – The commodity sector was also down, with the exception of copper. Crude oil decreased $1.83 per barrel and closed at $45.83 per barrel. The price of gold decreased $8 per troy ounce to close at $1,269. Copper, on the other hand, was up $0.08 for the week 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 all gained this week, a reversal from last week’s drop. The 2-year and 10-year Treasuries both increased 4 bps, while the 30-year Treasury yield increased 5 bps to 2.86%.

Municipal Bonds – Municipals remained relatively stable this week. The 2-year AAA-rated bonds increased 1 bps; the 10-year AAA-rated bonds remained flat; and the 30-year AAA-rated bonds increased 1 bps. Municipal bond funds returned to positive this week, with $871 million of inflows. The largest credit spread among Treasury and muni bonds widened to 55 bps for the 5-year securities.


Performance Snapshot: Top Fund Category



Performance Snapshot: Top Fund


The fund’s largest holding is in Housing Development Finance Corp Ltd (NSE:HDFC), which is up over 30% on a year-to-date basis.

Top 5 Performers

The following table provides the top-performing mutual funds on a YTD basis as of June 9, 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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