October 7, 2013 |
Continuing a trend that dates back at least to the dawn of recorded time, actively managed mutual funds--those run by professional stock pickers--recently have been trounced by the market averages. As my colleague Tom Petruno documented over the weekend, the trend holds month-in, month-out, over five years, over 10 years--in fact, pretty much always. Tom reminds us that the most recent results feed into a debate over "passive" versus "active" investing that has been going on for 40 years.
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.
October 16, 2002 |
The number of U.S. households owning mutual funds fell for the first time in 15 years in the 12 months ended in May, amid the longest stock decline since the Great Depression. About 54.2 million households, or 50% of those in the U.S., owned mutual funds in May 2002, according to the Investment Company Institute, the industry's trade group. That's 3.7% less than a year earlier. The number of households owning funds doubled in less than 10 years from 25.8 million, or 27% of the country, in 1992.
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.