July 26, 2012 |
The appeal of target-date mutual funds is their exposure to so many parts of the financial markets. It's also what caused target funds to lose money in the second quarter. The average target fund lost 2.8% from April to June, dragged down by the nearly 7% loss in their non-U.S. stock holdings, according to Ibbotson Associates. That was a reversal from their 9% rally in the first quarter. Target funds are now down over the past 12 months, with the average fund off 0.5%. That's also driven by non-U.S.
January 10, 2012 |
Exchange-traded mutual funds that use risky strategies in pursuit of outsized returns are not making the stock market more volatile, according to a study by Morningstar Inc. The report argues that so-called leveraged ETFs, which attempt to magnify underlying moves in stock prices, have had little effect on the market's heightened volatility in the last few years. Instead, the study says, fundamental factors such as corporate earnings play a far bigger role. The fund-tracking firm is walking a fine line of sorts in its report.
October 15, 1990
Average total return, including dividends, in percent for periods ended Thursday, Oct. 11. Category (No. of funds) Week Year-to-date 12 months International: foreign +0.65% -11.1% -5.1% stocks only (56) Utilities (15) -1.14 -8.2 -3.1 Global: U.S. and foreign -1.23 -12.5 -9.5 stocks (42) Fixed income (535) -1.25 +0.2 +1.4 Balanced: stock and bond (60) -3.12 -7.8 -7.8 Equity income (66) -3.80 -13.7 -14.1 Natural resources (19) -4.36 -6.6 -1.2 Health/biotechnology (9) -4.46 +1.0 +3.
April 6, 2014 |
Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets. But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave. This is when it should pay for a money manager to have maximum flexibility: the option to go almost anywhere with investors' dollars in search of decent returns. That could include stocks, bonds, real estate or commodities, for example.
April 5, 2013 |
In the early 1990s, executives of the now-defunct American Stock Exchange hatched a revolutionary idea: a hybrid mutual fund-type investment that would trade like a stock. But in an era when hot-handed mutual fund managers had rock-star status, the concept of the “exchange-traded fund,” or ETF - low-cost, pre-programmed portfolios designed to simply replicate a broad or narrow swath of the market - didn't get a lot of people's hearts pounding. Twenty years later, however, exchange-traded funds have ballooned into a $1.4-trillion industry in the U.S. and $2 trillion worldwide.
January 7, 2007
The U.S. stock market in 2006 had its best year since 2003, but it was a challenging year for many stock mutual funds. The Times' annual fund review will appear in the Business section Monday. It will include tables showing how 5,400 stock and bond funds performed in the fourth quarter, all of 2006, and the last three years, and listings of the top-performing funds for the year in more than 50 major categories. The report also will include articles providing review and outlook.