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News

Mutual Funds Weekly Roundup: June 28

Brian Mathews Jun 28, 2018



  • U.S. equities and international equities were all down this week.
  • The best-performing fund for 2018 on a year-to-date basis is Alger Small Cap Focus Z (AGOZX).
  • Small Cap Growth Equities is the best-performing mutual funds subcategory based on rolling-month returns.
  • Make sure to check out the previous edition of the Weekly Roundup to keep track of changing trends in the mutual funds industry.


Market Wrap-Up


The best-performing sector was utilities for the second week in a row, up 2.50% for the week, but it still remains negative on a year-to-date basis, down 1.95%. This sector consists of companies like NextEra Energy In (NYSE:NEE), which was up 3.79% for the week.

International Equities – The international markets were also down this week, with the MSCI Developed Market Index falling 0.95% to close at 1,980. The MSCI Emerging Market Index fell 2.26% to close at 1,088. Finally, Japan’s Nikkei 225 saw a loss of 1.47% to close at 22,517.

Commodities – The commodities markets were down this week, with the exception of crude oil, which gained $3.52 per barrel to close at $68.58. The price of gold decreased by $7 per troy ounce to close at $1,267. Copper prices saw a decrease of $0.12 and now trades at $3.03.

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

Taxable Bonds – Treasury yields were all down this week, with the 2-year Treasury decreasing by 1 bps to now yield 2.53%. The 10-year Treasury yield decreased 4 bps and now yields 2.87%. The 30-year Treasury decreased 2 bps to yield 3.02%.

Municipal Bonds – Municipal yields were also mostly down this week, with the exception of the 2-year AAA-rated bonds, which increased by 1 bps to yield 1.66%. The 10-year AAA-rated bonds saw a decrease of 1 bps, while the 30-year AAA-rated bonds decreased by 2 bps, to now yield 3.02%. Municipal bond fund flows remained positive this week for the third week in a row, as inflows increased to $236 million. The largest credit spread for the two-year securities increased to 87 bps for the week.

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


Performance Snapshot: Top Fund Category



Performance Snapshot: Top Fund


One of the fund’s largest holdings is Veeva Systems Inc Class A (NYSE: VEEV), which is up over 49% on a year-to-date basis.

Top Five Performers

The following table provides the top-performing mutual funds on a YTD basis as of June 22, 2018. 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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