Week In Funds Stock Funds FourWeek Streak Ends
Post on: 15 Октябрь, 2015 No Comment
U .S. diversified stock funds ended a four-week advance streak by losing 0.34% on average in the week ended March 5, according to Lipper Inc. Their gains had shrunk in each of the four prior weeks. Still, their setback was smaller than the 0.65% loss by world equity funds in the latest week.
The week’s loss left U.S. diversified stock mutual funds ahead by 2.78% for the year to date.
The Nasdaq Composite closed above 5,000 on Monday. That was its first finish above that threshold in nearly 15 years. It was boosted by stock market news about mergers and a rise in Gallup’s consumer spending gauge. Also, China cut a key interest rate.
But that was pretty much the sum of good news for the week.
Profit-taking after Monday’s Nasdaq milestone likely played a part in the week’s slump. Crude oil prices rose most of the week.
Large-cap growth funds were the only market capitalization and style category among U.S. diversified stock funds to help investors in the latest week. Their week’s gain was a very modest 0.01%.
That left them up 5.26% for the year, best among market cap and style categories.
Small-cap value funds lost 0.73% in the week. That made them the biggest laggards among market cap and style categories. And it pared their year-to-date return to a slim 0.50%.
Among sectors, health/biotechnology funds led all categories for the third week in a row. They gained 1.43% in the latest week.
That lifted their year-to-date gain to 11.25%. That was tops among sectors for the year.
Precious metals funds lost 3.76% in the latest week. That was the weakest showing among sectors in the week. It pared their year-to-date return to 4.34%.
World equity funds were paced by India region funds, which gained 3.03% in the latest week. They were the only Lipper category to advance in the week. The prior week they had been the worst laggards among world equity groups. And that boosted their year-to-date gain to 10.18%, best among world equity groups.
Latin American funds lost 3.52% in the latest week, worst among foreign groups. The latest setback enlarged their year-to-date loss to 6.83%, also worst among foreign groups.
The week’s pain was felt among bonds too.
U.S. Treasury funds lost 0.73% in the week as the yield on 10-year Treasuries rose. That left Treasury funds up a modest 0.57% year to date.
Taxable bond funds overall gave up 0.18% for the week. That cut their year-to-date gain to 0.90%.
Tax-exempt bond funds lost 0.25% in the latest week. That trimmed their year-to-date gain to 0.44%.