Our World – Fund Demographics

The series of charts below summarizes latest fund demographics. Simple tally of funds by asset universe, shares class, type, subtype, fund category, and other (e.g., interval funds, ESG funds). Reflects current data on MFO Premium, which is derived from Refinitiv Lipper Global Data Feed (LGDF), dated Friday, 7 July 2023. Included a couple charts on assets under management (AUM), which will be somewhat elevated over actual since includes fund of funds … but, they appear to give reasonable sense of absolute and relative size.

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Best Performing Funds Since COVID

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium on Sunday 2 July, reflecting performance through June.
Concurrent with the new cycle, described in this month’s MFO piece “Strong June Propels New Bull Market,” we introduced additional Display Period options in MultiSearch. The new periods include those covering The Great Normalization (TGN) cycle (full, bear, and bull … still on-going) and another named “Since COVID.” The latter reflects performance since January 2020, when the world turned upside down with the onset of coronavirus (COVID). Things have not been the same since.
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June Bloom: Welcome a New Bull Market

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium yesterday, reflecting performance through May. The update uses Lipper’s Friday data drop, so return and drawdown performance is available through 2 June using our new Month To Date (MTD) display period.
Despite pervasive skepticism based on: Russian invasion. China US tension. Inflation. Rising rates. Bank collapses. Default fears. The S&P 500 has been climbing generally since October or 8 months ago. Month ending data has us 2% shy of a new bull market. But if you include MTD, the S&P is up more than 20%, which meets the definition. We’ll coin it The Great Normalization (TGN) Bull … the 7th bull market for S&P 500 since Vietnam War circa 1968.
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2022 Year-End Review Webinar

Thank you all for attending our year-end webinar! Here is link to video recording.


All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium on New Year’s Day, reflecting performance through December. Similar to October, we used Lipper’s Friday data drop, which was last business day of year, to get an early peek at 2022 year-end performance.


We’ve scheduled our year-in-review webinar this Friday (tomorrow), 6 January. It will highlight performance of funds across different market segments and attempt to showcase various search features, including additions since our mid-year webinar.

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Worst Year Ever

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium today, 31 October, Halloween 2022. We used Lipper’s Friday data drop to get an early peek … and today markets seemed tame enough, so numbers should be pretty close to month’s end.


October was a decent one for equity funds, especially value. The Dow was up an extraordinary 14%. But still not enough to get back above water. Well, unless you consider Berkshire Hathaway (BRKA) a mutual fund, which many savvy investors do … it’s up 4-5% year-to-date (YTD). The Dow: -8%.


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Happy Preferencing!

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium Sunday, 31 July, reflecting performance through July 2022.


When we run the monthly update that close to the last business day, we will normally re-run the ratings the following Saturday to pick up any late reporting funds. This past month that version was uploaded Sunday, 7 August. We also uploaded Tuesday, 30 August using the Refinitiv datafile of 26 August.


Going forward, thanks to a suggestion by long-time subscriber Alfred, we will try to update the site database weekly. Those intramonth updates help when funds report portfolio changes, launches, and closures, etc. The datafile date will be posted on our homepage under the “What’s new?” section, each time we update the ratings. Consistent with that date, you will now find the “Month To Date [MTD]” return and rating under Calendar Month metrics in the MultiSearch results table.


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The Great Normalization

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium Sunday, 3 July, reflecting performance through June 2022. [For the record, May performance was uploaded Sunday, 5 June.]


June’s dismal returns ushered in a new bear market, unfortunately, based on the S&P 500 retracting 20% from its previous high of December 2021. This occurrence marks the end of the previous market cycle, nicknamed “CV-19,” which lasted 24 months. We coined the new cycle: “The Great Normalization,” as described in the July MFO commentary. It began January 2022, is on-going, and can be assessed using year-to-date performance.


Indicative so far: Not a single general bond mutual fund [there are 1200] has returned more than the 3-month T-Bill or more than its yield … 1192 of them are underwater.


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The Decline Continues

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium Tuesday, 3 May, reflecting performance through April 2022.


After a brief respite in March, markets continued to sell off in April, especially tech equity and nearly all bonds.


The chart below once again depicts monthly and year-to-date (YTD) performance of the 11 State Street Sector ETFs, along with the S&P 500 ETF SPY. We are about 7 percentage points shy of bear market territory … or, two more days like 5 May.


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