October 5, 2021

Equity Funds Suffer First Quarterly Loss in Six for Q3, with an Average 1.52% Decline

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.

Summary:

  • For Q3 2021, equity funds (-1.52% on average) posted their first quarter quarterly decline in six.
  • Lipper’s Commodities Funds macro-classification (+4.77%) outperformed the other six broad-based equity groups, followed by Alternative Equity Funds (-0.02%) and Mixed-Assets Funds (-0.77%).
  • The Commodities Energy Funds (+12.62%) classification posted the strongest returns in the equity universe for Q3.
  • The World Equity Funds macro-classifications housed three of the four worst performing classifications in the equity universe for Q3, with China Region Funds (-13.13%) posting the weakest return of the group.
  • Nonetheless, India Region Funds (+10.85%) and Japanese Funds (+4.70%) were among the seven top performers in the equity fund universe.

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.

Refinitiv Lipper delivers data on more than 330,000 collective investments in 113 countries. Find out more.

Join a growing community of asset managers and stay up to date with the latest research from Refinitiv and partners to help you inform your investment decisions. Follow our Asset Management LinkedIn showcase page.

Get In Touch

Subscribe

Related Reports

Fixed income funds posted a return of negative 0.04% on average during the third ...

With 2021Q3 earnings season upon us, we look at aggregate performance and EPS estimates ...

The Covid-19 Delta variant continues to trigger shifts in consumer sentiment, and this is ...

August 2021 marked the seventeenth consecutive month with inflows into ETFs after the ...

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×