- U.S. equities were all down this week, snapping a six-week trend of gains.
- The best-performing fund so far for 2017 continues to be the Neuberger Berman Greater China Eq Instl (NCEIX).
- U.S Large Cap Growth 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.
The consumer discretionary sector was this week’s top-performing sector, up 1.31%. This sector consists of companies like Home Depot Inc. (NYSE:HD), which was up over 3% for the week.
International Equities – International markets also fell, with the exception of the MSCI Emerging Market Index. The MSCI Developed Market Index fell 0.59% to close at 1,986, but is still up 21.48% on a year-to-date basis. The MSCI Emerging Index had an increase of 0.72% for the week and remains the best-performing index on a year-to-date basis, up 34.74%. Japan’s Nikkei 225 snapped its nine weeks in a row of gains and fell 1.25% to close at 22,397.
Commodities – The commodity sector was down this week except for gold. Crude oil fell $0.19 per barrel and closed at $56.55 per barrel. The price of gold increased $23 per troy ounce to close at $1,296. On the other hand, copper saw a slight decrease of $0.01 to close at $3.07.
Be sure to read important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields fell this week, with the exception of the 2-year Treasury, which increased 7 bps to yield 1.72%. The 10-year Treasury yield decreased 6 bps, while the 30-year Treasury yield also decreased 10 bps to 2.78%.
Municipal Bonds – Municipal yields all gained, with the 2-year AAA-rated bonds increasing 6 bps to yield 1.23%. The 10-year AAA-rated bonds increased 3 bps, while the 30-year AAA-rated bonds increased 1 bps to yield 2.77%. Municipal bond funds saw a second week of inflows, with an increase of $395 million in assets under management. The largest credit spread for the five-year securities increased by 2 bps to settle at 49 bps for the week.
Explore our Mutual Funds Education section to learn more about important mutual funds concepts.
Performance Snapshot: Top Fund Category
|Category||Top Subcategory||1-Month Subcategory Return (%)||Top Subcategory Performer||Ticker||1-Month Fund Return (%)||Performance Rationale|
|U.S. Equity Funds||Large Growth||2.12%||Quantified STF Investor||QSTFX||6.96%||The fund was invested in 2x the NASDAQ index, which is up over 2.4% for the month.|
|International Equities||Japan Stock||1.91%||Aberdeen Japanese Equities Insititutional||AJEIX||3.94%||The fund invests in Japanese companies like Shin-Etsu Chemical Co Ltd (TYO:4063), which is up over 18% on a month-to-date basis.|
|Commodities||Broad Basket||0.44%||PIMCO CommoditiesPLUS® Strategy P||PCLPX||2.86%||With oil falling this week, this fund was protected by staying in cash and treasury bonds.|
|Taxable Bonds||Inflation-Protected Bonds||0.26%||DFA LTIP Institutional||DRXIX||0.85%||With CPI coming in at 2.0% for the past 12 months ending in October, inflation-protected bonds saw the biggest gains.|
|Municipal Bonds||High-Yield Muni||0.27%||Dreyfus High Yield Municipal Bond I||DYBIX||0.90%||Muni bond yields gained this week, and high-yield bonds had the largest gains.|
Performance Snapshot: Top Fund
The fund’s largest holding is in Tencent Holdings Ltd (HKG:0700), which is up over 121% on a year-to-date basis.
The following table provides the top-performing mutual funds on a YTD basis as of November 17, 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.
|Name||Ticker||Category||YTD %||Net Expense Ratio||% of Assets in Top 10 Holdings||Total Assets $ (Millions)||Top Sector Invested|
|Neuberger Berman Greater China Eq Instl||NCEIX||China Equities||65.15%||1.69%||51.80%||$138||Financial Services|
|Leland Thomson Reuters Vntr Cptl Idx I||LDVIX||Large Blend||54.50%||1.58%||26.10%||$14||Technology|
|Matthews Asia Innovators Investor||MATFX||Pacific/Asia Ex-Japan Stock||52.38%||1.24%||34.80%||$180||Technology|
|T. Rowe Price Global Technology Fund I Class||PGTIX||Technology Equities||49.66%||0.77%||55.40%||$5,700||Technology|
|Goldman Sachs Asia Equity Inv||GSAEX||Technology Equities||49.14%||1.93%||39.20%||$77||Technology|
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