Mutual Funds Weekly Roundup: November 2

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Mutual Funds Weekly Roundup: November 2

Brian Mathews Nov 02, 2017



  • U.S. equities were all up again for the fifth week in a row, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite hitting all-time highs again.
  • The best-performing fund so far for 2017 continues to be the Neuberger Berman Greater China Eq Instl (NCEIX).
  • India stock is the best-performing mutual funds 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 information technology sector was this week’s top-performing sector, up 2.87%. The technology sector consists of companies like Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT), which were up 6.75% and 6.45%, respectively, over the last week.

Explore our Mutual Funds Education section to learn more about important mutual funds concepts.

International Equities – International markets were down for the week, with the exception of the Nikkei. The MSCI Developed Index fell 0.34% to close at 1,991 and is up 21.57% on a year-to-date basis. The MSCI Emerging Index had a decrease of 0.84% for the week and remains the best-performing index on a year-to-date basis, up 31.57%. Japan’s Nikkei 225 had its seventh week of gains in a row, up 2.57%, to close at 22,008.

Commodities – The commodity sector was mostly down this week except for crude oil, which saw a gain $2.43 per barrel and closed at $53.90 per barrel. The price of gold decreased $9 per troy ounce, to close at $1,269. Copper also saw a decrease of $0.06, to close at $3.10.

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

Taxable Bonds – Treasury yields saw a modest uptick this week, with the 2-year Treasury increasing 1 bps to yield 1.59%. The 10-year Treasury yield increased 2 bps, while the 30-year Treasury yield increased 3 bps to 2.92%.

Municipal Bonds – Municipal yields saw large gains across all maturities this week with the 2-year AAA-rated bonds increasing 5 bps to yield 1.09%. The 10-year AAA-rated bonds increased 7 bps, while the 30-year AAA-rated bonds increased 9 bps and now yield 2.90%. Municipal bond funds saw a second week of inflows, increasing $111 million in assets. The largest credit spread for the five-year securities decreased by 6 bps to settle at 58 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 84% on a year-to-date basis.

Top 5 Performers

The following table provides the top-performing mutual funds on a YTD basis as of October 27, 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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