2023 has been a good year for the mutual fund industry after all. It has not been an easy one, since it has been volatile and with a poor breadth, but thanks to the 4th quarter, where they went up 12% on average, it will be remembered as a great investment year, particularly after 2022. You can see the scorecard below, 21% on average for US stocks, above Int’l ones, once again. For bonds, it was also a good year, but funds were mostly underwater until the fourth quarter. In terms of flows, however, investors sold equity funds and poured money into bond funds, in anticipation of #ratecuts on 2024. These are good results for the industry, despite the outflows, entering the 100th year since the creation of the mutual fund.
Want to know more? join Fund@mental here https://apps.apple.com/us/app/fund-mental/id1495036084
#iamfundamental #soyfundamental #wealthmanagement #familyoffice #financialadvisor #financialplanning
Source: WSJ
