Mutual Funds Weekly Roundup: October 12

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Mutual Funds Weekly Roundup: October 12

NASDAQ Composite all time high
MutualFunds.com 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.
  • 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

U.S. Equities – U.S. equity markets all rallied this week, as the Dow Jones Industrial Average increased 1.76% to close at an all-time high of 22,775. The S&P 500 also had an increase of 1.67% for the week, closing at a new high of 2,552. The NASDAQ Composite Index had the week’s largest gains of all the major indices, up 2.04%, to close at a new high of 6,585. The NASDAQ is still the best-performing major index on a year-to-date basis, up 22.33%.

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

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 October 6, 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 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.

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

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NASDAQ Composite all time high

Mutual Funds Weekly Roundup: October 12

MutualFunds.com 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.
  • 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

U.S. Equities – U.S. equity markets all rallied this week, as the Dow Jones Industrial Average increased 1.76% to close at an all-time high of 22,775. The S&P 500 also had an increase of 1.67% for the week, closing at a new high of 2,552. The NASDAQ Composite Index had the week’s largest gains of all the major indices, up 2.04%, to close at a new high of 6,585. The NASDAQ is still the best-performing major index on a year-to-date basis, up 22.33%.

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

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 October 6, 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 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.

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.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next