Week In Funds: Stock Funds Extend Rise

U.S. stock funds gained 1.15% in the week ended Feb. 12, according to Lipper Inc.

It was their second straight weekly advance and the third in the past four weeks.

The week’s return left U.S. diversified stock mutual funds ahead 1.64% for the young year. That gain easily outpaced the modest 0.05% showing by world equity funds.

U.S. stocks rose in the latest week amid stock market news about a handful of strong quarterly earnings reports. Also, investors were calm about the outlook for Europe as negotiations continued with Greece and its creditors such as Germany.

And crude oil prices climbed.

The week saw key benchmarks approaching all-time highs. The S&P 500’s Thursday close of 2088.48 was just shy of its record 2090.57 close on Dec. 29.

In the latest week, large-cap value and midcap growth funds, both of which handed investors gains of 1.58%, paced U.S. diversified stock funds.

Those results left midcap growth funds atop all market capitalization and style categories for the year-to-date with a 2.88% gain.

Science-technology funds led all sectors in the latest week by tacking on 2.49%. The rise left them up 2.72% for the year-to-date.

The year-to-date leaders remained precious metals funds. But their 5.57% slide in the latest week cut their year’s gain to 8.90%.

Gains were meager among world equity funds. Japanese funds led that group with a mere 0.80% advance for the latest week, which put them up 4.11% for the year-to-date.

India region funds stayed atop world equity categories for the year with a 6.75% climb so far in 2015. But they lost 0.16% in the latest week.

Latin American funds were the biggest laggards among foreign funds, losing 1.55% in the latest week. The loss extended their setback for the year to 4.71%, the worst among all world equity categories.

Bond fund performance reflected bullishness among investors. Risk-oriented U.S. categories led taxable bond funds. Loan participation funds did best, gaining 0.44% in the latest week and leaving them up 0.87% for the year-to-date.

Safe-haven categories lagged. U.S. Treasury funds were down the most, 1.53%, for the week, cutting their 2015 advance to 1.63%.

Tax-exempt municipal bond funds generally lost ground, losing 0.69% on average and trimming their year-to-date advance to 0.64%.

U.S. stock funds gained 1.15% in the week ended Feb. 12, according to Lipper Inc.

It was their second straight weekly advance and the third in the past four weeks.

The week’s return left U.S. diversified stock mutual funds ahead 1.64% for the young year. That gain easily outpaced the modest 0.05% showing by world equity funds.

U.S. stocks rose in the latest week amid stock market news about a handful of strong quarterly earnings reports. Also, investors were calm about the outlook for Europe as negotiations continued with Greece and its creditors such as Germany.

And crude oil prices climbed.

The week saw key benchmarks approaching all-time highs. The S&P 500’s Thursday close of 2088.48 was just shy of its record 2090.57 close on Dec. 29.

In the latest week, large-cap value and midcap growth funds, both of which handed investors gains of 1.58%, paced U.S. diversified stock funds.

Those results left midcap growth funds atop all market capitalization and style categories for the year-to-date with a 2.88% gain.

Science-technology funds led all sectors in the latest week by tacking on 2.49%. The rise left them up 2.72% for the year-to-date.

The year-to-date leaders remained precious metals funds. But their 5.57% slide in the latest week cut their year’s gain to 8.90%.

Gains were meager among world equity funds. Japanese funds led that group with a mere 0.80% advance for the latest week, which put them up 4.11% for the year-to-date.

India region funds stayed atop world equity categories for the year with a 6.75% climb so far in 2015. But they lost 0.16% in the latest week.

Latin American funds were the biggest laggards among foreign funds, losing 1.55% in the latest week. The loss extended their setback for the year to 4.71%, the worst among all world equity categories.

Bond fund performance reflected bullishness among investors. Risk-oriented U.S. categories led taxable bond funds. Loan participation funds did best, gaining 0.44% in the latest week and leaving them up 0.87% for the year-to-date.

Safe-haven categories lagged. U.S. Treasury funds were down the most, 1.53%, for the week, cutting their 2015 advance to 1.63%.

Tax-exempt municipal bond funds generally lost ground, losing 0.69% on average and trimming their year-to-date advance to 0.64%.

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