Mutual Funds Scorecard: January 22 Edition

Welcome to

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience


Find the latest content and information here about the 2019 Charles Schwab Impact Conference.


Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

weekly scorecard


Mutual Funds Scorecard: January 22 Edition

Iuri Struta Jan 22, 2019

Every fortnight, provides a snapshot of the performance of some key mutual funds that tries to accurately capture the investor interest in specific areas of the financial markets. The report is aimed at providing a quick overview of the sectors, regions and asset classes that moved in a meaningful manner during the last two weeks.
  • The first week of January finally saw positive inflows in mutual funds across the board. More than $3 billion were plowed into long-term mutual funds in the week ended January 9, with equities leading the way.
  • The last week of 2018, however, was not as fruitful. The January 2 week experienced outflows of $37 billion, bringing the two-week flow at negative $34 billion. While equities saw more than $8 billion in outflows for the two-week period, bonds fared worse, as more than $20 billion was withdrawn from the asset class.
  • In a largely expected move, British Parliament voted against a Brexit deal negotiated by Prime Minister Theresa May, likely paving the way to a delay of Brexit or an exit on better terms for the business community. Another referendum on Brexit is also increasingly likely.
  • The U.S. labor market has been unusually strong, with the economy adding 312,000 jobs in the last month of the year. Meanwhile, hourly earnings rose by 0.4% compared with 0.3% expected by analysts.
  • Leading indicators, however, such as purchasing managers’ indexes, have dropped across the board. U.S. non-manufacturing PMI dropped by 3 points to 57.6. The U.S. consumer sentiment dropped to a two-year low of 90.7 in January compared with 97.0 expected by economists.
  • Inflation has also been weak, dropping in the U.S., Eurozone and the UK European consumer price index (CPI) came in at 1.6%, the lowest from the pack, while UK CPI was the highest at 2.1%. The U.S. CPI stood at 1.9% in December.

We provide this report on a fortnightly basis. To stay up to date with mutual fund market events, come back to our News page here.

Broad Indices

  • The U.S. stock market (VTSMX) was the best performer from the pack with a strong advance of 5.91%.
  • Meanwhile, the bond market (VBMFX) was the only faller with a decline of 0.48%.
  • For the rolling month, the S&P 500 (VFINX) rose more than 5%, becoming the best performer.
  • International bonds (VTIBX) were again the worst performers from the bunch for the rolling month, shedding 1.45%.
Broad Indices Performance

Major Sectors

Major Sectors Performance
  • Sectors were all up.
  • T.Rowe’s healthcare mutual fund (THISX) powered ahead over the past two weeks, advancing 9.27%.
  • For the rolling month, however, Fidelity’s chemicals fund (FSCHX) surged more than 10%, taking the top performer spot.
  • Meanwhile, utilities (FKUTX) posted the weakest performance both for the past two weeks and the rolling month, up 2.32% and flat, respectively.

Foreign Funds

  • Latin American equities (RLAIX) are having a great start to the year, outperforming their foreign counterparts by a large margin. T.Rowe’s Latin America-focused mutual fund is up 4.09% and 13.14% in the past two weeks and rolling month, respectively.
  • At the other end of the spectrum is India (WIINX), which dropped 2% and 7.13% for the past two weeks and rolling month, respectively, amid concerns about a global economic slowdown.
Foreign Funds Performance

Major Asset Classes

  • PIMCO’s long-term bonds fund (PEDIX) was the worst-performing asset class, falling by 2.94% over the past two weeks, as investor optimism about equities improved.
  • BlackRock’s small-cap stock fund (CSGEX) was by far the best performer, rising 8.77% for the past two weeks and 9% for the rolling month. The gains come as the U.S. labor market is strong, although sentiment has been declining across the board.
  • Managed Futures (EVONX) were the biggest fallers for the past month, losing 7.85%.
Asset Class Performance

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book