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 real estate and utility stock funds.