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.
Find out more about Lipper, the global leader in independent fund performance data.
