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News

Mutual Funds Weekly Roundup: July 5

Brian Mathews Jul 05, 2018



  • U.S. equities and international equities were all down again 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 third week in a row, up 2.32% for the week. The sector also turned positive on a year-to-date basis, up 0.32%. This sector consists of companies like NextEra Energy Inc (NYSE:NEE), which was up 1.57% for the week.

International Equities – The international markets were also down this week, with the MSCI Developed Market Index falling 1.03% to close at 1,959. The MSCI Emerging Market Index fell 1.41% to close at 1,070. Finally, Japan’s Nikkei 225 saw a loss of 0.94% to close at 22,305.

Commodities – The commodities markets were down this week, with the exception of crude oil, which gained $5.57 per barrel to close at $74.15. The price of gold decreased by $16 per troy ounce to close at $1,251. Copper prices also saw a decrease of $0.06 and now trades at $2.97.

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 2.52%. The 10-year Treasury yield decreased 1 bps and now yields 2.86%. The 30-year Treasury decreased 3 bps to yield 2.99%.

Municipal Bonds – Municipal yields were also down this week, with the 2-year AAA-rated bonds decreasing by 1 bps to yield 1.65%. 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 3.00%. Municipal bond fund flows remained positive this week for the fourth week in a row, with inflows of $205 million. The largest credit spread for the two-year securities remained unchanged at 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 41% 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 29, 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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