by Tom Roseen.
U.S. investors pushed equity funds to their fourth consecutive quarter of plus-side performance in Q1 2021 as they focused on the $1.9 trillion stimulus package signed into law by President Joe Biden in late March, improving COVID-19 vaccine distributions, and broadening of the market rally to include cyclical and out-of-favor issues. For Q1 2021, the average equity fund posted a 6.31% return, with Lipper’s Sector Equity Funds macro-classification (+8.94%) outpacing the other six major equity groups for the first quarter in eight.
For the one-year period ended March 31, 2021, the average equity fund was up an eye-popping 61.39%, with U.S. Diversified Equity Funds (+72.48%) leading the way, while Alternative Funds (+9.02%) was the relative laggard, dragged down by Dedicated Short Bias Funds (-61.75%).
In this segment, I highlight the first quarter and March 2021 performance results for equity mutual funds and ETFs.
Click here or the Download Full Report link in the upper right-hand column of this page to download the First Quarter 2021 FundMarket Insight Report: Equity Funds Post Fourth Consecutive Quarterly Gain in Q1, with an Average 6.31% Return.
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