THE SEcond QUARTER 2015 QUARTERLY MUTUAL FUND UPDATE – Rising Yields Help Cause Mediocre Returns

The second quarter was very mixed, at best, for many mutual funds. The average domestic large-cap stock fund was essentially flat, with the category average rounding to 0.0%. Mid-cap stock funds fell, on average, while small-cap stock funds averaged modest gains. Bond funds were mostly down as yields rose. Higher interest rates also dragged down…

 

THE First QUARTER 2015 Quarterly Mutual Fund Update – Health Care Dominates, as Does the Strong Dollar

Health care was the top-performing fund category for the first quarter of 2015, jumping 11.0%, more than double the gain of the second-ranked category—consumer discretionary—which was up 4.9%. All five of last quarter’s top-performing sector funds are in the health care sector, paced by Fidelity Select Biotech (FBIOX) and Rydex Biotechnology (RYOIX). These two funds…

 

How Should PIMCO Fund Shareholders React to the Departure of Bill Gross?

“Bond king” Bill Gross is leaving PIMCO, a company he co-founded, to join Janus Capital Group (JNS). Our mutual fund guide shows Gross as the lead manager on eight PIMCO mutual funds. Our exchange-traded fund (ETF) guide shows Gross as the lead manager on one PIMCO ETF. The Closed-End Fund Association’s website shows Gross managing…

 

The First Quarter 2014 issue of QMFU is now available on-line

What Was Down Is Now Up Two of last year’s worst-performing categories ranked among the first quarter’s top performers. Whether it was a reversion to the mean or a temporary blip within a long-term downtrend remains to be seen, but shareholders of precious metals funds and government long-term bond funds likely welcomed the reprieve. The…

 

The Second Quarter 2013 issue of QMFU is now available on-line

Bond Funds Fall on Fed Uncertainty Uncertainty about U.S. monetary policy was a key theme during the second quarter. Yields on the benchmark 10-year Treasury note rose from 1.63% on May 2, 2013, to 2.48% on June 30, 2013, over concerns that the Federal Open Market Committee would begin to curtail its bond-buying program sooner…

 

The First Quarter 2013 issue of QMFU is now available on-line

The First Quarter’s Bull Run Investors in stock funds were singing The Cars’ famous tune, “Let the Good Times Roll,” last quarter. U.S stocks enjoyed their best start to a year since 1998. Several market benchmarks reached new record highs, including the Dow Jones industrial average and the S&P SmallCap 600 index. The widespread gains…