VMATX, which invests a bulk of its assets in municipal bonds issued by Massachusetts state and local governments, has returned 8.4% in the year to date period. The fund posted solid gains in the period between July and September.
Best performing mutual funds for 2019 free#
As of Nov 30, 2019, none of the Vanguard mutual funds carried any load.įurther, Vanguard Massachusetts Tax-Exempt Fund Investor Shares ( VMATX Quick Quote VMATX - Free Report) turned out as one of the best-performing mutual funds from the Vanguard family. The initial investment of the majority of mutual funds from the family ranges from $0 to $3,000.
Bogle in 1975.īy the end of August 2019, Vanguard had around $5.6 trillion assets under management.
Among other advantages, it claims to offer low-cost, no-load funds. Unlike other mutual fund companies, Vanguard is owned by the funds themselves, which helps its management focus better on shareholder interests. It offers asset management and financial planning services to clients across the world. It offers nearly 190 domestic funds and 220 funds for foreign markets (as of Aug 31, 2019). We believe this means the time to start investing into equity mutual funds with more confidence has started.Vanguard is one of the world’s largest asset management corporations that manage around $3 trillion in assets. It is a well-known historical pattern that investors resort to gold when they are unsure of the market direction. This goes to show the uncertainty among investors. This is very similar to the list of best performing mutual funds July 2019. Not a single equity, debt or hybrid fund is to be seen in the list. Here’s a look at the top performing mutual funds of August 2019 –Īs we can see the best performing mutual funds of August 2019 are all gold funds. In the midst of this chaos some mutual funds did well some, not so well. Best Performing Mutual Funds of August 2019 Mind you, there was a lot of volatility throughout the month that the numbers fail to capture. Let’s have a look at the headline indices and how they performed before moving on to the performance of specific funds –Īs you can see, the headline indices have hardly budged in August. So, there’s a lot happening around and an average investor will have to do really well to keep up with everything!Ī lot of volatility has been observed in the last few months and it is only fair to expect some volatility and a lot of downward pressure amidst a global slowdown. Stimulus packages have been announced for the automobile and public banking industries and further stimulus packages for other sectors are also expected. The FPI surcharge announced in the budget was considered to be a regressive move that resulted in bleeding of the equity markets as foreign investors started fleeing the Indian markets. There have been other developments too – like the change in accounting policies of the RBI and the rules of transfer of its surplus to the govt and the merger of PSU banks.įinally, the govt also did something that made the market cheer! They have completely rolled back surcharge on foreign and resident investors. This is the lowest GDP growth figure observed in the last 6 years! This naturally spooked the capital markets. ‘Slowdown’ was probably the economic word of the month as the GDP growth of June quarter was published as 5%. August was yet another volatile month after July.
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