Second-quarter results for the major U.S. stock indexes varied between -5.84% for the Amex and -13.13% for NYSE. Most of the largest U.S. funds were in negative territory as well, according to Lipper data as of June 30, 2010, after a decent first quarter.
By investment category, some of the only positive groups were dedicated short-bias funds, which rose 9.92% in the quarter. Precious-metal funds improved 9.73%, Lipper says.
Among the top individual funds with positive performance, the Z-Seven Fund stands out: It topped the global small- and mid-cap category with returns of 50.39% in the first quarter and 26.56% in the first half of 2010.
This performance was similar to that of iPath ETN S&P 500 VIX – up 49.10% in the second quarter.
PIMCO Total Return bucked the second-quarter trend, too. The fund’s institutional shares were up 2.75%, while its Class A shares rose 2.69. Through June 30, its shares have risen 5.83% and 5.70% respectively.