The Investment Company Institute says mutual funds had their worst redemptions since 2008. Investors pulled $56.2B from funds. While investors were pulling out of mutual funds, they were putting money into ETFs to the tune of $25.2B.
Despite yesterday's record gain, stocks have been on a downward spiral on fears of a slowing global economy and President Donald Trump’s criticism of Federal Reserve Chairman Jerome Powell. The S&P 500 index lost 5.4 percent in the week ended Dec. 19.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category Unknown
1 Day | |||
---|---|---|---|
MFs / NAME | Price $ | Chg $ | Chg % |
SVXAX | 48.77 | 0.24 | +0.49% |
Smead International Value A | |||
RIDFX | 22.67 | 0.08 | +0.35% |
American Funds Income Fund of Amer R5 | |||
OWACX | 22.26 | -0.09 | -0.40% |
Old Westbury All Cap Core | |||
IFTAX | 9.47 | -0.05 | -0.53% |
Voya International High Div Low Vol A | |||
TINGX | 23.88 | -0.14 | -0.58% |
Thornburg International Growth I |
A.I.dvisor indicates that over the last year, MUTHX has been closely correlated with FMSHX. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if MUTHX jumps, then FMSHX could also see price increases.
Ticker / NAME | Correlation To MUTHX | 1D Price Change % | ||
---|---|---|---|---|
MUTHX | 100% | +0.60% | ||
FMSHX - MUTHX | 100% Closely correlated | +0.64% | ||
TESRX - MUTHX | 100% Closely correlated | +0.61% | ||
TEMTX - MUTHX | 100% Closely correlated | +0.61% | ||
TESIX - MUTHX | 100% Closely correlated | +0.61% | ||
FTCOX - MUTHX | 87% Closely correlated | -0.65% | ||
More |