Posted on April 29, 2013 | Quarterly Mutual Fund Update
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 resulted in 10 domestic stock fund categories posting average first-quarter gains of 10% or more.