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
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
