The second quarter was not kind to the markets or to mutual funds, with the S&P 500 off by close to 3 percent on a total-return basis. The average balanced mutual fund fell by roughly 2.5 percent, according to Morningstar.
This could mean further rough patches and certainly more big swings in the near future, experts say.
"Even though stocks rebounded somewhat from their quarterly lows, the stock market was very much in the red for the quarter. What happens next will likely be driven by the same questions that dominated the landscape this quarter," said analyst Jeremy Glaser with Morningstar in a preliminary Q2 report. "Investors should continue to be prepared for more volatility and surprises in the coming months."
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
