Posted on April 25, 2012 | Quarterly Mutual Fund Update
Commentary: Rally Propels Tech and Financial Funds
The first-quarter rally in stock prices led to double-digit gains in most stock fund categories. Technology and financial/banking sectors were particular standouts, with both sectors realizing average gains of nearly 20%.
Most bond funds also posted positive returns last quarter, though the gains were considerably less. The best-performing bond fund category was convertible bond, which gained 7.9%.