The Top Funds Over Five Years: Finding Common Themes in a Volatile Market
The past five years have truly tested the skills of mutual fund managers.
The equity markets went from boom to bust to rebound. The bond markets also fluctuated, especially in the high-yield spectrum. Emerging markets enjoyed strong economic growth. Then there were the commodity markets, which saw a bubble and a bust in the same calendar year.
The upside to this is that investors now have a recent track record to judge how a fund performed in varying types of markets. Did the fund react well to rising markets? Are the losses experienced during the recent bear market acceptable? Can the fund consistently beat its benchmark, or is its performance dictated solely by the type of conditions the manager is facing?
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