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News

Mutual Funds Weekly Roundup: June 22

Brian Mathews Jun 22, 2017



  • The Dow Jones Industrial Average (DJIA) again hit a new all-time high, closing at 21,384.
  • The best-performing fund so far for 2017 is the Wasatch Emerging India Institutional (WIINX).
  • Government bonds are 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 industrials sector was this week’s top-performing area, up 1.74%, and up 10.66% on a year-to-date basis. This was led by companies like 3M Co. (MMM) and Boeing Co. (BA), which are both up 7.09% and 8.89% over the last one month, respectively.

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

International Equities – International markets were mostly down for the week, with the exception of the MSCI Developed Index that had a slight increase of 0.03%. The MSCI Emerging Index had a larger decline of 1.41% for the week. Japan’s NIKKEI 225 had a decline again this week and is down 0.35% to close at 19,943.

Commodities – The commodity sector was also down across the board. Crude oil decreased $1.09 per barrel and closed at $44.74 per barrel. The price of gold decreased $15 per troy ounce to close at $1,254. Copper was also down for the week, declining $0.09 to close at $2.56.

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

Taxable Bonds – Treasury yields dropped this week, as the Fed raised rates 25 bps. The 2-year Treasury dropped 1 bps and the 10-year Treasury dropped 5 bps. The 30-year Treasury yield decreased 8 bps to 2.78%.

Municipal Bonds – Municipals remained relatively flat this week. The 2-year AAA-rated bonds increased 1 bps; the 10-year AAA-rated bonds decreased 1 bps, while the 30-year AAA-rated bonds remained unchanged. Municipal bond funds had its second week of inflows with $310 million. The largest credit spread among Treasury and muni bonds tightened to 50 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 29% 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 16, 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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