After a decent first quarter, when U.S. stock markets rose between 3.6% and 8.9% and many mutual funds showed strong returns, the markets and plenty of funds are back in the red in the second quarter through Thursday, June 24, according to Lipper’s preliminary data.
The bright spots are precious-metal funds and some bear/leveraged products.
Some of the worst-performing fund categories, Lipper says, are those focused on Europe. This fund group fell 11.6% from March 31 to June 24 and is down close to 11.5% year to date.
Large-cap growth funds have declined 8.2% in the second quarter; they’re down 4.3% for the year.
Precious-metal funds, though, are up close to 12% for the quarter and nearly 13% for the year through June 24.
Income-focused funds dropped 1.7% in the second quarter, but are up 1.1% year to date.
In terms of some of the largest funds and their performance, the PIMCO Total Return Fund is up 2.1% in Q2 and about 5.2% for the first half.