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Dec 27, 2018

Investors Pull $56B from Funds

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.

Related Ticker: MUTHX

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Merck & Co (NYSE:MRK), Chevron Corp (NYSE:CVX), United Parcel Service (NYSE:UPS), Medtronic plc (NYSE:MDT), CVS HEALTH Corp (NYSE:CVS), General Motors Company (NYSE:GM), Kraft Heinz Company (The) (NASDAQ:KHC).

Industry description

The investment seeks capital appreciation, which may occasionally be short term; income is a secondary consideration. The fund invests primarily in equity securities of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria. It also invests in merger arbitrage securities and the debt and equity of distressed companies. The fund may invest a significant portion of its assets in foreign securities and participations in foreign government debt.

Market Cap

The average market capitalization across the Franklin Mutual Shares Z MF is 176.3B. The market cap for tickers in the group ranges from 34.09B to 573.02B. JPM holds the highest valuation in this group at 573.02B. The lowest valued company is GPN at 34.09B.

Volume

The average weekly volume growth across all stocks in the Franklin Mutual Shares Z MF was -22%. For the same stocks of the MF, the average monthly volume growth was -34% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 53
Price Growth Rating: 44
SMR Rating: 62
Profit Risk Rating: 44
Seasonality Score: -1 (-100 ... +100)
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General Information

Category AggressiveAllocation

Profile
Fundamentals
Details
Category
Aggressive Allocation
Address
Franklin Mutual Series Funds101 John F Kennedy ParkwayShort Hills
Phone
N/A
Web
www.franklintempleton.com