Mutual Funds Scorecard: February 18 Edition

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Mutual Funds Scorecard: February 18 Edition

Mutual Funds Scorecard for this week
Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds which tries to accurately capture the investor interest in specific areas of the financial markets. The report is aimed at providing a quick overview of the sectors, regions and asset classes that moved in a meaningful manner during the last two weeks.
  • Total long-term flows are again positive for the two weeks ending February 26, continuing a streak of inflows not seen since mid-2017.
  • Around $9 billion were infused in total long-term mutual funds, with equities posting outflows and bonds inflows.
  • Equity mutual funds have experienced more than $11 billion in outflows, with domestic large-cap stocks largely bearing the brunt. Meanwhile, bonds enjoyed more than $20 billion in inflows, with investment-grade and government bonds particularly popular with investors. Only high-yield bonds saw outflows.
  • The coronavirus epidemic has continued to make headlines, although the markets now appear more sanguine that the crisis will be resolved. Still, if the Chinese markets remain closed for a longer period of time, the negative consequences on global trade will be felt. There are already reports that tankers from and to China are sitting idle, while Apple warned that it will not be meeting its revenue guidance due to a shortage of iPhone supplies worldwide.
  • As a result, all the major US indices were in red over the last 2 weeks, with the S&P 500 hit the hardest – down by 7%. Dow Jones Industrial Index and Nasdaq followed suit, being down by 5% and 4% respectively.

We provide this report on a fortnightly basis. To stay up to date with mutual fund market events, return to our News page here.

Broad Indices

  • Broad indices did not show signs of weakness in the light of the coronavirus outbreak. In fact, they recovered strongly.
  • The U.S. technology index fund (NASDX) surged more than 7% in the two weeks ended February 14, as investors ignored a string of negative news from China.
  • Meanwhile, Vanguard’s total bond market index fund (VBMFX) lost 0.27%, after taking the best-performer crown in the previous scorecard.
Broad Indices Performance Feb 18, 2020

Major Sectors

  • Sectors were all up.
  • Fidelity’s chemicals sector fund (FSCHX) was a rare best performer, gaining nearly 8% during the period, although the fund remains down by 1.6% year-to-date. Moreover, the chemicals sector had a mixed 2019, advancing only slightly when the broad market posted strong gains.
  • On the other end of the spectrum is the Fidelity’s real estate sector fund (FRIFX), which rose by 1.81% over the past two weeks and became the worst performer.
Major Sectors Performance Feb 18, 2020

Foreign Funds

  • All foreign equities were up.
  • Chinese equities fund (MICDX) rebounded strongly these two weeks, surging around 7%, after losing more than 10% of their value over the prior two-week period.
  • Latin American equities fund (RLAIX) added 1.5%, although this is the worst performance from the bunch.
Foreign Funds Performance Feb 18, 2020

Major Asset Classes

  • Major asset classes posted mixed performance.
  • John Hancock’s multi-currency fund (JCUAX) dropped by 1.2%, becoming the worst performer for the period.
  • At the same time, BlackRock’s small-cap index fund (CSGEX) surged by 5.5%.
Major Asset Classes Performance Feb 18, 2020

The Bottom Line

Flows were again positive for the two weeks ended February 5, although equities have seen a fair degree of outflows. The flow picture was saved by investment-grade and government bonds, which enjoyed large inflows. Global markets have recovered strongly despite increasing evidence that the coronavirus epidemic is going to take a toll on global trade. The biggest winners these past two weeks are technology, chemicals and Chinese equities, while John Hancock’s multi-currency fund is the biggest loser.

Be sure to sign up for your free newsletter here to receive the most relevant updates.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Mutual Funds Scorecard for this week

Mutual Funds Scorecard: February 18 Edition

Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds which tries to accurately capture the investor interest in specific areas of the financial markets. The report is aimed at providing a quick overview of the sectors, regions and asset classes that moved in a meaningful manner during the last two weeks.
  • Total long-term flows are again positive for the two weeks ending February 26, continuing a streak of inflows not seen since mid-2017.
  • Around $9 billion were infused in total long-term mutual funds, with equities posting outflows and bonds inflows.
  • Equity mutual funds have experienced more than $11 billion in outflows, with domestic large-cap stocks largely bearing the brunt. Meanwhile, bonds enjoyed more than $20 billion in inflows, with investment-grade and government bonds particularly popular with investors. Only high-yield bonds saw outflows.
  • The coronavirus epidemic has continued to make headlines, although the markets now appear more sanguine that the crisis will be resolved. Still, if the Chinese markets remain closed for a longer period of time, the negative consequences on global trade will be felt. There are already reports that tankers from and to China are sitting idle, while Apple warned that it will not be meeting its revenue guidance due to a shortage of iPhone supplies worldwide.
  • As a result, all the major US indices were in red over the last 2 weeks, with the S&P 500 hit the hardest – down by 7%. Dow Jones Industrial Index and Nasdaq followed suit, being down by 5% and 4% respectively.

We provide this report on a fortnightly basis. To stay up to date with mutual fund market events, return to our News page here.

Broad Indices

  • Broad indices did not show signs of weakness in the light of the coronavirus outbreak. In fact, they recovered strongly.
  • The U.S. technology index fund (NASDX) surged more than 7% in the two weeks ended February 14, as investors ignored a string of negative news from China.
  • Meanwhile, Vanguard’s total bond market index fund (VBMFX) lost 0.27%, after taking the best-performer crown in the previous scorecard.
Broad Indices Performance Feb 18, 2020

Major Sectors

  • Sectors were all up.
  • Fidelity’s chemicals sector fund (FSCHX) was a rare best performer, gaining nearly 8% during the period, although the fund remains down by 1.6% year-to-date. Moreover, the chemicals sector had a mixed 2019, advancing only slightly when the broad market posted strong gains.
  • On the other end of the spectrum is the Fidelity’s real estate sector fund (FRIFX), which rose by 1.81% over the past two weeks and became the worst performer.
Major Sectors Performance Feb 18, 2020

Foreign Funds

  • All foreign equities were up.
  • Chinese equities fund (MICDX) rebounded strongly these two weeks, surging around 7%, after losing more than 10% of their value over the prior two-week period.
  • Latin American equities fund (RLAIX) added 1.5%, although this is the worst performance from the bunch.
Foreign Funds Performance Feb 18, 2020

Major Asset Classes

  • Major asset classes posted mixed performance.
  • John Hancock’s multi-currency fund (JCUAX) dropped by 1.2%, becoming the worst performer for the period.
  • At the same time, BlackRock’s small-cap index fund (CSGEX) surged by 5.5%.
Major Asset Classes Performance Feb 18, 2020

The Bottom Line

Flows were again positive for the two weeks ended February 5, although equities have seen a fair degree of outflows. The flow picture was saved by investment-grade and government bonds, which enjoyed large inflows. Global markets have recovered strongly despite increasing evidence that the coronavirus epidemic is going to take a toll on global trade. The biggest winners these past two weeks are technology, chemicals and Chinese equities, while John Hancock’s multi-currency fund is the biggest loser.

Be sure to sign up for your free newsletter here to receive the most relevant updates.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next