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Mutual Funds Report

News

Mutual Funds Weekly Roundup: August 21 Edition

Sam Bourgi Aug 21, 2018



  • U.S. equities finished mostly higher this week, while international equities were mostly lower.
  • The best-performing fund on a year-to-date basis is the Alger Small Cap Focus Z (AGOZX), with a year-to-date return of 33.35%.
  • U.S large-cap growth equities is the best-performing mutual funds subcategory based on rolling-month returns.
  • Make sure to check out our previous edition to keep track of changing trends in the mutual funds industry.


Market Wrap-Up


The week’s best-performing sector was telecommunication services, gaining more than 3.7%. This sector consists of companies like Verizon Communications (VZ), which has gained 4.65% over the past five days.

International Equities – The international markets were down this week, with the MSCI Developed Market Index declining 1.10% to close at 1,928. The MSCI Emerging Market Index has declined 3.68% to close at 1,023. Finally, Japan’s Nikkei 225 jumped 1.56% to 22,199.

Commodities – The commodities markets were down across the board this week, with Brent crude oil falling 1.3% to close at $71.83 a barrel. The price of gold fell 2.2% to $1,184 a troy ounce. Meanwhile, copper prices fell 1.5% to $2.69.

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

Taxable Bonds – The main Treasury yields were virtually unchanged for the week. The 2-year, 10-year and 30-year U.S. Treasuries were flat week-on-week. The benchmark 10-year Treasury yield held at 2.87%.

Municipal Bonds – Municipal yields rose this week, with the 10-year AAA-rated bonds edging up 0.15 bps to 2.59%.

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


Performance Snapshot: Top Fund Category



Performance Snapshot: Top Fund


This fund allocates 97.99% of its holdings to stocks, which are largely concentrated in the technology industry. The fund is also well diversified, with the biggest holding (Veeva Systems Inc. Class A) accounting for 3.43% of total assets.

Top 5 Performers

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