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July 05, 2016 at 11:13 AM
Year-to-date returns through July 1 for most mutual fund categories are positive again, according to Morningstar.
Russ Kinnel, Morningstar’s director of mutual fund research, tweeted on Tuesday that almost all the core mutual fund categories’ year-to-date returns were “in the black.”
Among U.S. equity funds, mid-cap value had the greatest return at 5.14%, followed by small value. Small and large growth still had negative returns for the year since July 2015, and mid-cap growth returned just 0.28%. Large growth fell 1.59%, followed by a 0.34% decline for small growth.
Equity funds struggled in June, with all categories but large value posting negative one-month returns.
International equity funds struggled more, with several categories, including foreign value, blend and growth stocks posting negative returns year to date. Europe and China posted the largest drops, declining 4.81% and 3.94% respectively.
Latin America stock returned more than 26% since July 1, 2015, while diversified emerging markets showed a more modest 6.65% increase. India equity returned 5.47%, and Asia-Pacific excluding Japan and diversified Asia-Pacific both returned over 2%.
In the days following the U.K.’s vote to leave the European Union in late July, the typical U.S. large-blend fund fell by a little less than 4%, and foreign large-blend funds fell almost 7%, Kinnel wrote in an article for Morningstar.
