July 2, 2019

Equity Funds Keep Their Winning Streak Alive for the Second Quarter in a Row

by Tom Roseen.

U.S. investors pushed equity funds to their strongest June gains since 1938 while hanging on every bit of news concerning the U.S./China trade negotiations and Federal Reserve Board meetings during the quarter. For Q2 2019, the average equity fund posted a 2.96% gain, with Lipper’s U.S. Diversified Equity Funds (USDE) macro-classification (+3.36%) outpacing the other three major equity groups for the second consecutive quarter. In this segment, I highlight the Q2 and June 2019 performance results for equity mutual funds and ETFs.

Summary:

  • For Q2 2019, equity funds (+2.96% on average) strung together two consecutive quarters of plus-side performance. Lipper’s U.S. Diversified Equity (USDE) Funds macro-classification (+3.36%) remained at the top of the leaderboard for the second quarter in a row, followed by World Equity Funds (+2.84%), Mixed-Asset Funds (+2.77%), and Sector Equity Funds (+1.84%).
  • The Sector Equity Funds macro-classification housed two of the three best performing classifications in the equity universe for Q2, with Precious Metals Equity Funds (+11.94%) leading the macro-group.
  • The World Equity Funds macro-classification was propped up by strong returns from Latin American Funds (+7.23%).
  • Mid-cap (+4.41%) and growth-oriented (+5.03%) domestic equity funds outpaced the other capitalization and style groups for Q2.

Click here or the Download Full Report link in the upper right-hand column of this page to download the Second Quarter 2019 FundMarket Insight Report: Equity Funds Keep Their Winning Streak Alive for the Second Quarter in a Row.

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