So, not much happened this past year for fund investors, right? It might seem that way, after many mutual funds and exchange-traded funds ended the year close to where they began. But that belies the scary ride up, down and back up again.
Heres a look at how funds performed over the year:
US stock funds: Many US stock funds did virtually nothing in 2015. They just took a lot of sharp turns to get there. The largest stock fund by assets returned 1.2 percent for the year, as of Dec. 30.
Vanguards Total Stock Market Index fund tracks the performance of a broad US stock market index, and it got back to positive for the year only after plunging 7.3 percent during the third quarter. A wave of selling hit markets around the world in August, propelled by fears that Chinas economic slowdown was turning out to be worse than feared.
Samp;P 500 index funds lost 10 percent over the span of just a week, their first drop of that magnitude in about four years. It was a cold slap for investors who had gotten used to years of relatively placid returns from their stock funds.
Growth versus value: When somethings rare, everyone wants it. And whats scarce in this still-tepid global economy is strong growth.
Netflix was by far the best stock in the Samp;P 500 during 2015, more than doubling in price, because it consistently produces revenue growth of more than 20 percent. Compare that with the rest of the Samp;P 500, where analysts say revenue fell in 2015. The average large-cap growth stock fund returned 4.6 percent, including dividends. That compares with a loss of 3.2 percent for large-cap value stock funds. Its the fifth time in seven years that growth stocks have topped value stocks.
Jasper County emergency management director Keith Stammer says thereisnt aset date as to when Missouri counties will be reimbursed by the FEMA funds that weremade available yesterday.
Stammer does say the money will be used to reimburse overtime pay wages used by emergency responders.
Another item the funds can be used for is infrastructure.
Stammer says the FEMA funds can be used to rebuild, not improve roads and bridges that were damaged by the recent flood waters.
For example, the funds cannot pay to turn a two lane low water bridge into a raised four lane bridge.
Stammer says it could take years before counties are reimbursed by the FEMA funds.
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Drew Zahn, a spokesman for The Family Leader, a Christian conservative group, said the organization’s lobbyists will be pressing state legislators to defund Planned Parenthood in the 2016 session, which convenes Jan. 11.
“We simply do not believe taxpayers should be compelled to send money to organizations that trade in the death of unborn children,” Zahn said.
Angie Remington, a spokeswoman for Planned Parenthood of the Heartland, said there are already laws preventing the use of public funds for abortion, with rare exceptions. Legislative proposals to eliminate all state funding for Planned Parenthood would serve no purpose other than to take aware critical preventive health care for medically underserved communities such as low-income families and young adults, she said.
Such legislation would disproportionately affect these communities by taking away access to breast exams, cancer screenings, family planning, HIV testing, STD testing and treatment, birth control and other medical services, Remington said.
“Some lawmakers are not only out of touch with how people feel about Planned Parenthood, but they are putting at risk more than 30,000 Iowans’ access to preventive health care. This has to stop, which is why we’ll be at the Capitol next session to fight to protect access to health care for all women, men and families in Iowa,” Remington said.
$.50 NEXT MONTH. ANN: RIDING A BIKE WHILE RAISING FUNDS FOR THE FIGHT AGAINST DIABETES. THAT IS THE PURPOSE OF AN UPCOMING RACE. HERE TO TELL US MORE ABOUT JOINING JDRFS TO I HAVE TO TELL YOU, RIDING A BIKE IS WONDERFUL AND FOR A WONDERFUL CAUSE. THAT IS WHAT IT IS ALL ABOUT. IT IS. AND THIS IS THE SECOND YEAR FOR THE TOUR DE LOU, AND THE FIRST YEAR WHERE JDRF THE KENTUCKY CHAPTER IS GOING TO HAVE A SPECIFIC TEAM IN THE TOUR DE LOU . ANN: WHAT CAN PEOPLE DO WHO ARE INTERESTED IN DEVELOPING A TEAM? THIS IS NOT JUST A BIKE RIDE. THIS IS A CYCLE RIDE. WE PROVIDE TRAINING FOR ANYONE WHO MAY BE A BEGINNER UP TO INEXPERIENCED CYCLIST — TO AN EXPERIENCED CYCLIST. WE CAN TEACH YOU HOW TO CHANGE TIRES, A BASIC TRAINING PLAN ALL THE WAY UP TO SOMETHIN ANN: AND YOU TALK ABOUT TO HAVE AREAS FOR BEGINNERS AND THOSE WHO ARE ADVANCED. THERE ARE TWO COURSE OPTIONS. THERE IS A 20 MILE, WHICH IS A MUCH FLATTER ROUTE FOR THOSE WHO ARE LITTLE MORE INEXPERIENCED. FOR A LITTLE BIT MORE , THERE IS A 35 MILE ROUTE. ANN: AND WE ARE SEEING VIDEO. WHERE DOES IT START AND END? IT WILL START AND AND DOWN THE RIVER. — END DOWN THE RIVER. ANN: AND THERE IS TRULY A FAMILY THAT HELPS AND ENCOURAGES WITH PEOPLE WHO HAVE FAMILY MEMBERS WHO ARE DEALING WITH DIABETE THAT IS CORRECT. AND THAT IS ONE OF JDRFS PRIMARY FUNCTIONS. THE FIRST FUNCTION IS TO FUND THE RESEARCH THAT WI CURE, BUT ALSO BE THERE TO SUPPORT THE FAMILIES AND THE TYPE ONE PATANN: AND WE WERE SEEING FROM THE VIDEO, MAN, IT IS A HUGE CROWD. IT IS. I AM NOT SURE WHAT THE NUMBERS WERE FROM LAST YEAR, BUT BEING THAT THEY SIGN UP FOR A SECOND YEAR FOR PARTNERS SUCH AS US, IT IS A GREAT TURNOU ANN: IF SOMEBODY IS REALLY THINKING ABOUT THIS AND THEY ARE LIKE WHERE DO I EVEN START, WHAT IS THE ANSWER? GO TO THE WEBSITE AND CLICK ON THE LOCAL TAB. UNDER EVENTS, THEY CAN SELECT TEAM JDRF. ANN: THE TOUR DE LOU BIKE RIDE IS SCHEDULED FOR MAY 1. IF YOU WOULD LIKE TO JOIN LDRFS
Rupee sovereign bonds, Asia’s best performers for two years in a row, are still the top pick for some global funds.
Plunging oil prices, a stable currency and limited exposure to China are keeping investors bullish, with Pacific Investment Management Co. calling Indian notes the “preferred” local-currency securities in the region. The yield on benchmark 10-year debt in Asia’s third-largest economy will drop for a third straight year, the longest stretch since 2003, a Bloomberg survey of 10 fixed-income dealers and fund managers shows.
“We are overweight Indian bonds,” said Luke Spajic, Singapore-based portfolio manager for emerging markets at Pimco, which oversees $1.5 trillion in assets globally. “They offer high carry and the Indian economy has shown resilience in the face of global growth slowing. If we see dislocation and weakness, unrelated to local influences, we will most likely look to add.”
Fund Scope | Scoreboard
It was a rough year for some high-profile funds–and investors focused on value stocks were hardest hit.
The most notable failure, of course, was Third Avenue Value, which has suffered a steady downward slide since founder Marty Whitman, now 91, took a step back in 2010. But 2015 was the year its distressed debt fund, Third Avenue Focused Credit (ticker: TFCVX) shut its doors after significant losses…