Mutual Funds Weekly Roundup: July 26

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Mutual Funds Weekly Roundup: July 26

Brian Mathews Jul 26, 2018

  • U.S. equities and international equities were mostly up this week.
  • The best-performing fund for 2018 on a year-to-date basis is Leland Thomson Reuters Vntr Cptl Idx I (LDVIX).
  • Latin America 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 financials, up 2.24% for the week, although, on a year-to-date basis, the sector is still down 0.42%. This sector consists of companies like Bank of America Corp (NYSE:BAC), which was up 3.26% for the week.

International Equities – The international markets were mostly up this week, with the exception of the MSCI Emerging Markets. The MSCI Developed Market Index gained 0.63% to close at 1,985. The MSCI Emerging Market Index dropped 0.44% to close at 1,070. Finally, Japan’s Nikkei 225 saw a gain of 0.44%, to close at 22,698.

Commodities – The commodities markets were all down again this week, with crude oil falling $0.55 per barrel to close at $70.46. The price of gold decreased by $10 per troy ounce to close at $1,230. Meanwhile, copper prices saw a decrease of $0.02 and now stands at $2.76.

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

Taxable Bonds – Treasury yields were mostly up this week. The 2-year Treasury increased by 1 bps to now yield 2.59%. The 10-year Treasury increased 6 bps and now yields 2.89%. The 30-year Treasury increased by 10 bps and now yields 3.03%.

Municipal Bonds – Municipal yields were mostly up this week, with the exception of the 2-year AAA-rated bonds that fell 4 bps to now yield 1.58%. The 10-year AAA-rated bonds saw an increase of 1 bps, while the 30-year AAA-rated bonds increased by 1 bps, to now yield 2.98%. Municipal bond fund flows saw its second week of inflows, with an increase of $1.184 billion in assets under management. The largest credit spread for the two-year securities increased to 101 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 Netflix Inc (NASDAQ:NFLX), which is still up over 88% on a year-to-date basis.

Top Five Performers

The following table provides the top-performing mutual funds on a YTD basis as of July 20, 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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