From day one, we were determined to unlock that secret knowledge and make it available to our clients to help them improve their investment results. Obviously, these investment experts know something special that may be indicative of the future direction of stock prices. The guiding principle behind our work is that there must be a good reason for brokerage firms to spend billions of dollars a year on stock research. Zacks Investment Research is one of the most highly regarded firms in the investment industry. This marked the third rate hike by the Fed in 2017.
Also, the Federal Reserve finally increased its benchmark interest rate by a quarter percentage point. Moreover, the Tax Cuts and Jobs Act of 2017 lowered the corporate tax rate to 21% from 35%. Additionally, the earnings scenario was quite strong in the first three quarters of 2017, with fourth quarter earnings expected to be up 8.6%. A strengthening economy and better job prospects provided a significant boost to the markets. Markets kept gaining traction by a slew of marvelous corporate earnings and optimism around President Trump’s tax reforms. This also reminds one of the bull-run the markets experienced back in the 1990s, when tech stocks were hot, making value-based stocks lack luster. This can also be due to strong earnings from big names in the tech world. Among the nine Morningstar Style Box categories, the large-growth funds gained 28%, marking the highest average gains, while the small-value funds could garner a paltry 9% i.e. Needless to say, such gains were driven by strong performances by some of the tech giants such as Apple, Amazon and Facebook, each gaining more than 50% in 2017.įurther, the large-cap funds outshone the small caps. The technology funds increased an impressive 40% last year. More exposure to tech holdings bolstered gains for growth funds.
Such funds topped their value counterparts regardless of market valuations. It was also a great year for growth-oriented funds. Taking such factors into consideration let’s take a look at five of the best performing mutual funds of 2017. These gains were primarily from technology, which turned out to be one of the best performing sectors in 2017. Mutual funds also performed exceedingly well last year with large-cap and growth funds leading the gains.
Best performing mutual funds for 2017 code#
tax code and more than 3% growth that the economy achieved for two consecutive quarters last year. Such stellar performances were driven primarily by a slew of strong corporate earnings, hopes of an overhaul of the U.S. Stocks in the United States kept breaking boundaries in 2017 to register one of the biggest bullish runs in the recent past.
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