What are the Highest Performing Mutual Funds in 2010
Written by admin on April 22nd, 2011Nowadays, while evaluating and selecting the best performing mutual funds, investors look at the fund performance for 6 months to a year down the road. The highest performing mutual funds in 2010 have surprised many investors and investment pundits due to its negative correlation with the recent past.
The following were the highest performing mutual funds in F.Y 2010:-
Templeton Global Bond advantage
Oakmark International Fund
T. Rowe Price Blue Chip Growth Fund
Dreyfus International Bond
American Century Global Gold A
Templeton Global Bond advantage
One of the top performers in the bond mutual fund segment in 2010 was the Templeton Global Bond advantage. This fund seeks current income with capital appreciation and growth of access. The fund normally invests at least 80% of net assets in bonds including debt securities of any maturity, such as bonds, notes, bills and debentures. In 2010 it was able to achieve returns of 9.88% with a absolute growth of 81.41%.
Oakmark International Fund
The billion Oakmark International fund reduced their exposure in the emerging markets to about 5 percent and focusing instead in finding promising stocks in troubled economies like Japan and Europe. Emerging-market equity funds returned 19 % to their investors in 2010. They attracted more than billion from investors compared to 0 billion by the bond funds.
T. Rowe Price Blue Chip Growth Fund
T. Rowe Price Blue Chip Growth fund invests 80 percent of its assets in large and mid cap blue-chip growth companies that have the potential for above-average earnings growth, while sometimes seeking out companies that will have good prospects for dividend growth. As of January 05, 2011, the fund has assets totaling to .35 billion.
Its portfolio mostly consists of holdings in U.S. large cap companies. As of the end of June, Apple, Google, Amazon and American Express are all listed among the fund’s largest holdings. The fund has owned Google and Goldman Sachs since their respective IPOs. T. Rowe Price Blue Chip Growth fund was able to give a CAGR of 16.4% in 2010.
Dreyfus International Bond
Dreyfus International Bond fund normally invests at least 80% of assets in fixed-income securities. It also invests at least 65% of its assets in non-U.S. dollar denominated fixed-income securities of foreign governments and companies located in various countries, including emerging markets. The fund is allowed to invest up to 25% of its assets in emerging markets. The investment seeks maximize total return through capital appreciation and income. This fund was able to perform very well last year in a downtrend market. The fund gave a return of 7.43% in 2010.
American Century Global Gold A fund (ACGGX)
American Century Global Gold A fund (ACGGX) was able to give a return of 28.43% in the last year. The fund manager Mr. William B. Martin has been managing this fund since 1992. The lion share of its assets is invested in securities issued by gold firms. The fund purchases both domestic and foreign markets, including those issued from developing markets. This fund was set up in order to achieve both current income and capital growth, which it also was able to offer in the turbulent times last year.
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