ABC Content Board

The abc of trending content

5 Best-Performing Aggressive Growth Mutual Funds of 1H17

With all the three major benchmark indexes posting record-high growth in the first half of the year, aggressive growth funds have come into the spotlight. Investors and market watchers are now assessing first-half gains and wondering whether the market’s successful run will continue in the second half. A slew of encouraging economic data including a bullish jobs report along with strong earnings results facilitated first-half growth, especially in the later part of the period.

Banking on such positive vibes, the addition of mutual funds with stunning growth potential to your portfolios could prove to be a lucrative investment choice. Aggressive growth funds are considered one of the best investment options for investors with a high risk appetite in search of optimum capital appreciation. Now, let us take a look at some of the encouraging factors that contributed to gains in these mutual funds.

Strong Performance in First-Half 2017

In the first half of the year, the Dow, the S&P 500 and the Nasdaq increased 8%, 8.2% and 14.1%, respectively. The Dow and the S&P 500 posted their best first-half performance since 2013, while the Nasdaq recorded its best performance for the period since 2009.

During the first part of the previous half, positive sentiments over Trump’s economic policies including “massive” tax cuts, deregulation initiatives and surge in infrastructure spending propelled the indexes higher. But markets managed to keep their sheen even when Trump’s policies failed to gain passage in the Congress, on the back of a strong job market, more confident consumers and solid corporate earnings. ( Read More )

Also, job additions averaged at 172,000 in the first six months of this year. Also, the unemployment rate declined from 4.4% to 4.3% in May, marking the lowest level since 2001.

Looking ahead, according to the recent Conference Board data, the Consumer Confidence Index rose to 118.9 in the last month of first half from the prior…

Read the full article from the Source…

Back to Top