Mutual Funds Weekly Roundup: October 12

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NASDAQ Composite all time high


Mutual Funds Weekly Roundup: October 12

Brian Mathews Oct 12, 2017

  • U.S. equities all saw big gains this week, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite hitting all-time highs.
  • The best-performing fund so far for 2017 continues to be the Neuberger Berman Greater China Eq Instl (NCEIX).
  • U.S. small value equities is the best-performing mutual fund subcategory based on the 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

The financial sector was this week’s top-performing area, up 2.28%. The sector is composed of big banks like JPMorgan Chase & Co. (NYSE: JPM), which was up 1.46% for the week. Financials have also been performing well year-to-date and for the trailing one year, up 14.71% and 36.80%, respectively.

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

International Equities – International markets were a mixed bag this week, with the MSCI Developed Index remaining flat to remain at 1,974. The MSCI Emerging Index had an increase of 1.96% for the week and remains the best-performing index on a year-to-date basis, up 30.65%. Japan’s Nikkei 225 had its fourth week of gains in a row, up 1.30%, to close at 20,691.

Commodities – The commodity sector was mostly negative with the exception of copper this week. Crude oil saw a decline after having four weeks of gains. Oil was down $0.77 per barrel and closed at $50.79 per barrel. The price of gold decreased $16 per troy ounce, to close at $1,270. Copper saw an increase of $0.07, to close at $3.05.

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

Taxable Bonds – Treasury yields keep gaining, as bond prices continue to fall. The 2-year Treasury increased 2 bps to yield 1.50%. The 10-year Treasury yield increased 2 bps, while the 30-year Treasury yield increased 3 bps to 2.89%.

Municipal Bonds – Municipal yields also gained across all maturities this week, with the exception of the 30-year. The 2-year AAA-rated bonds saw an increase of 2 bps to yield 1.04%. The 10-year AAA-rated bonds increased 3 bps, while the 30-year AAA-rated bond remained flat and continues to yield 2.90%. Municipal bond funds saw outflows of $212 million, breaking an inflow trend of five weeks. The largest credit spread for the five-year securities decreased by 1 bps to settle at 56 bps for the week.

Performance Snapshot: Top Fund Category

Performance Snapshot: Top Fund

The fund’s largest holding is in Tencent Holdings Ltd (HKG:0700), which is up over 85% on a year-to-date basis.

Top-Five Performers

The following table provides the top-performing mutual funds on a YTD basis as of October 6, 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.

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