Week In Funds: U.S. Stock Funds Resume Their Rally

U.S. diversified stock funds returned to the plus column by gaining 0.87% on average in the week ended June 11. That increased U.S. diversified stock funds’ gain for the year to 4.36%.

Stock funds’ advance was boosted by stock market news on Thursday showing retail sales rose in May. The day before, on Wednesday, the market rose on signs of progress in talks over Greece’s debt.

The S&P 500 index funds gained 0.67% for investors in the latest week.

The leading market capitalization and style category among stock mutual funds in the latest week was small-cap growth. The funds gained 1.56%. That lifted their year-to-date gain to 8.51%, best among all market-cap-and-style groups.

Large-cap growth funds did worst among market-cap-and-style groups in the latest week, gaining 0.66%. That boosted their year-to-date gain to 5.88%.

Multicap value funds ended the latest week with the weakest year-to-date gain, 2.88%, among cap-and-style groups.

Repeating from the previous week, financial services funds did best among sectors in the latest week, gaining 1.92%. That padded their year-to-date gain to 4.75%.

Real estate funds were again the latest week’s biggest laggards, losing 0.55%. That increased their year-to-date loss to 2.75%.

Health-biotechnology funds stayed atop sectors year-to-date with a 16.76% gain.

Utility funds, down 0.31% in the latest week, occupied the cellar among sectors year to date with a 4.22% setback. Utility funds are treated as proxies for bonds by many investors, and have suffered due to widespread investor expectations of the Federal Reserve raising interest rates sometime this year.

Latin American funds paced world equity funds in the latest week, with a 0.83% gain. That cut their year-to-date loss to 6.25%, worst among global equity groups.

India region funds fared worst among global equity groups in the latest week, losing 2.13%. That stretched their year-to-date loss to 3.31%.

China region funds, which lost 1.61% in the latest week, remained atop the world equity fund categories year to date with a 20.14% gain.

U.S. Treasury funds lost 0.56% in the latest week. That increased their year-to-date loss to 2.19%.

The worst showing among taxable bond fund categories in the latest week was by emerging markets hard currency debt funds. They lost 0.81%. That cut their year-to-date gain to 1.19%

Taxable bond funds overall lost 0.28% in the latest week, which trimmed their year-to-date gain to 0.47%.

Tax-exempt bond funds lost 0.13% in the latest week. That increased their year-to-date loss to 0.27%.

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