Mutual Funds Scorecard: May 28 Edition

Welcome to Please help us personalize your experience.

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.

Mutual Funds image


Mutual Funds Scorecard: May 28 Edition

Iuri Struta May 28, 2019

Every fortnight, provides a snapshot of the performance of some key mutual funds which 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.
  • Flows were slightly positive over the past two weeks. For the 15 days ended May 15, more than $4 billion in inflows were registered, with bonds again largely offsetting outflows in equities.
  • More than $1.5 billion in equity outflows were recorded during the examined two-week period compared with inflows of more than $7.6 billion in bonds. Domestic and multi-cap mutual funds were among the biggest losers in equity, while taxable and investment grade bonds mutual funds received the largest inflows.
  • Populist parties have failed to gain sway in European elections as largely feared, although mainstream parties lost ground to liberals and the greens. The latest Europe-wide election results mean that more political parties will have to form a larger coalition to keep power. Although the Brexit party won elections in the U.K., other euroskeptic parties in Europe have failed to move the needle in their favor, temporarily removing fears of the dismantling of the European Union.
  • U.K. Prime Minister Theresa May announced she will resign from her role, admitting defeat in delivering on her promise to take Britain out of the European Union with a deal. So far, nine candidates have joined the race for the Conservative Party leadership, with Brexit supporter Boris Johnson having the upper hand. Johnson signaled the U.K. will leave the European Union irrespective of whether he can sign a deal.
  • Federal Reserve minutes revealed that policymakers are quite dovish, signaling that they will not hurry to raise interest rates even if the economy of the U.S. strengthens. They cited the lack of inflation and a strong job market as the main reason for withholding fire.
  • U.K. wages grew by 3.3% during the three-month period ended March compared to the same period last year, falling from 3.5% in the prior three-month period. The unemployment rate, meanwhile, rose to a new high of 32.7 million, while the jobless rate dropped to 3.8% from 3.9%, the lowest level in 45 years.
  • U.S. retail sales unexpectedly dropped 0.2% in April month-over-month, compared with a revised advance of 1.7% in the prior month. Core retail sales, which excludes volatile items such as automobiles, increased 0.1% compared with 0.7% expected by analysts.

Check out our previous edition of the scorecard here.

Broad Indices

  • Amid Brexit fears and an ongoing trade war between the U.S. and China, investors sought shelter in bonds.
  • Indeed, technology-heavy fund (NASDX) declined 3.8% for the past two weeks as high-profile initial public offerings such as Uber and Lyft disappointed.
  • Meanwhile, Vanguard’s international bond fund (VTIBX) gained 0.63%, the best performance from the pack.
Broad Indices performance - May 28, 2019

Major Sectors

  • Sectors were mixed, with risk-averse investors plowing money into stable stocks.
  • Utilities fund (FKUTX) was the best performer by far, advancing as much as 2.81%.
  • At the other end of the spectrum, technology sector fund (PGTIX) lost as much as 5.5% for the past two weeks.
Major Sectors performance - May 29, 2019

Foreign Funds

  • Foreign equities posted mixed performances, with emerging markets badly hit and India shares performing impressively.
  • India fund (WIINX) gained 4.4% for the past two weeks, after current Prime Minister Narendra Modi won a landslide victory in Indian elections.
  • Meanwhile, emerging markets fund (VEIEX) declined nearly 4.6%, taking the spot of the worst performer.
Foreign funds performance - May 28, 2019

Major Asset Classes

  • In asset classes, bonds were the best performers and the only assets that delivered gains.
  • Pimco’s long term bonds mutual fund (PEDIX) rose nearly 3% for the past two weeks, representing the best performance.
  • Blackrock’s small-cap fund (CSGEX) lost 3.41% of their value over the past two weeks.

Be sure to sign up for your free newsletter here to receive the most relevant updates.

Major Asset Classes performance - May 28, 2019

The Bottom Line

Investors have largely sought shelter in utility stocks and long-term bonds, as Brexit fears and an ongoing trade war between the U.S. and China dampened sentiment. Mid-cap stocks, technology stocks and emerging markets took a beating, while international bonds and long-term U.S. bonds benefited from strong demand.

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.

Sign up for Advisor Access

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

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book