Mutual Funds Weekly Roundup: August 3

Welcome to

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience


Find the latest content and information here about the 2019 Charles Schwab Impact Conference.


Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

tablet with diagrams


Mutual Funds Weekly Roundup: August 3

Brian Mathews Aug 03, 2017 provides weekly information about any material impact on the mutual funds industry due to major economic and corporate events around the world. In addition, performance statistics on the top funds and fund categories are also provided.
  • The Dow Jones Industrial Average closes at new all-time high of 21,830.
  • The best-performing fund so far for 2017 continues to be the Neuberger Berman Greater China Eq Instl (NCEIX).
  • Latin America Equities is the best-performing mutual fund subcategory based on a rolling month.
  • Make sure to check out the previous edition of the Weekly Roundup to keep track of changing trends in the mutual funds space.

Market Wrap-Up

U.S. Equities – U.S. equity markets all declined besides the Dow Jones Industrial Average, which had a gain of 1.16% to close at 21,830. The DJIA is also up 10.46% year-to-date and the 21,830 mark hit another all-time high for the index. The S&P 500 had a slight decrease of 0.02% for the week, closing at 2,472. The NASDAQ Composite Index also had a slight decline of 0.20% to close at 6,375. The NASDAQ is the best-performing major index on a year-to-date basis, up 18.42%.

The telecommunications sector was this week’s top-performing area, up a huge 6.99%. However, the index is still down 5.44% on a year-to-date basis. The telecommunications sector is up big thanks to the two largest companies in the sector, AT&T Inc. (T) and Verizon Communications (VZ), which are both up 6.96% and 10.92%, respectively, for the last five days due to beating analysts’ expectations for the second quarter.

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

International Equities – International markets showed minimal gains for the week except for the Nikkei. The MSCI Developed Index had an increase of 0.23%. The MSCI Emerging Index also had a slight increase, up 0.29% for the week. The MSCI Emerging Market Index remains the best-performing index on a year-to-date basis, moving up 25.37%. On the other hand, Japan’s Nikkei 225 saw another decline of 0.70% for the week, closing at 19,960.

Commodities – The commodity sector had big gains for the week. Crude oil had an increase of $3.94 per barrel and closed at $49.71 per barrel. The price of gold increased $14 per troy ounce to close at $1,268. Copper was also up for the week, increasing by $0.15 to close at $2.88.

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

Taxable Bonds – Treasury yields all increased this week thanks to the Fed maintaining interest rates at current levels. The 2-year Treasury increased 1 bps to 1.35%. The 10-year Treasury yield had an increase of 5 bps, while the 30-year Treasury yield increased 9 bps to 2.90%.

Municipal Bonds – Municipal yields also increased this week. The 2-year AAA-rated bonds increased 1 bps and the 10-year AAA-rated bonds increased 3 bps. The 30-year AAA-rated bond increased 5 bps and is now yielding 2.76%. Municipal bond funds saw inflows for the second week, pulling in $199 million. The largest credit spread among Treasury and muni bonds increased by 2 bps to 57 bps for the 5-year securities.

Performance Snapshot: Top Fund Category

The following table provides a list of the top-performing mutual fund subcategories for the previous week within the broader categories of the industry. In each of these subcategories, we have listed the top mutual funds based on the one-month return generated as of July 28, 2017.

Performance Snapshot: Top Fund

Top-performing fund: Neuberger Berman Greater China Eq Instl (NCEIX)

The fund’s largest holding is in Tencent Holdings Ltd (HKG:0700), which is up over 65% on a year-to-date basis and over 10% for the trailing one-month.

Top 5 Performers

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

We provide this report on a weekly basis. To stay up to date with mutual fund market events, return to our News section.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book