When is a 23.5% rally in your stock fund not a cause to celebrate too hard? Right now might be a rare case.
Funds investing in growth, science and tech stocks did the best. But bond funds are also up for the year and money is flowing there.When is a 23.5% rally in your stock fund not a cause to celebrate too hard?
Right now might be a rare case. Because even though the average U.S.-stock fund rallied by that much in the second quarter, according to Refinitiv Lipper data, it was only a partial rebound from the horrendous first quarter. In that first quarter, as the coronavirus lockdowns weighed on the economy and the stock market, the average fund was down 24.6%.
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