by Tom Roseen.
Concerns over rising COVID cases, U.S. politics, inflation worries, and a possible default from China’s property giant Evergrande pushed equity funds to their first quarterly loss in six in Q3. For Q3 2021, the average equity fund posted a 1.52% loss, with Lipper’s Commodities Funds macro-classification (+4.77%) outpacing the other six major equity groups for the second consecutive quarter. For September, the average equity fund declined 3.57%—its largest one-month loss since March 31, 2020—and its first monthly downturn since October 2020.
For the quarter, only 21 of Lipper’s 104 equity and mixed-assets fund classifications posted positive returns. In total, only 26% of all individual equity and mixed-assets funds posted plus-side returns for the quarter.
In this segment, I highlight the third quarter and September 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 Third Quarter 2021 FundMarket Insight Report: Equity Funds Suffer First Quarterly Loss in Six for Q3, with an Average 1.52% Decline.
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