U.S. stock markets had a decent first quarter, with the Dow Jones up 3.37 percent.
Other indexes did even better with the S&P 500 rising 4.55 percent, NYSE increasing 3.6 percent and Nasdaq ticking up a handsome 5.38 percent.
The Russell 2000 beat them all with an 8.99 percent rise.
Fortunately, many mutual fund categories – as tracked and measured by Lipper – rose, as well.
U.S. diversified equity funds grew 5.55 percent, while world equity funds bumped up 1.7 percent. Mixed equity funds rose 2.43 percent, narrowly beating out world income funds at 2.36 percent.
The top-performing funds for the quarter were generally those that had a bullish slant, especially leveraged or two- and three-times, while short or bearish funds lagged considerably.
Over the past 12 months, some funds with a focus on transportation stocks and emerging markets, like Indonesia and Latin America, made it into the top-20 list, which includes ETFs.
Lipper data for the worst-performing fund of the past 12 months include some energy picks, China-short funds, and other bear-tainted offerings.