binance left Coinmarketcap net_left adver left

Small-stock strategy powers best-performing U.S. equity funds

Thursday, December 23, 2021
Small-stock strategy powers best-performing U.S. equity funds © Reuters. FILE PHOTO: A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration/File Photo

By David Randall

NEW YORK (Reuters) - The top-performing actively managed U.S. equity funds of 2021 were predominantly focused on small-caps as a strategy, according to data from Morningstar.

The year's top-performing actively managed U.S. equity fund was the Bridgeway Small-Cap Value fund which posted a 61.5% return, according to Morningstar data through Dec. 15, while eight out of the top 10 funds also had small-caps as a strategy.

Some small-cap funds outperformed due to a bet on cyclical stocks that surged as the U.S. economy continued to recover from the coronavirus pandemic.

"In our opinion cyclical stocks and consumers right now are among the cheapest stocks we see in the market," said Ken Farsalas from Oberweis Micro-Cap fund, which returned 41.3% for the year, according to Morningstar data, and was ranked no. 6. Farsalas said, "There are consumer companies that are trading as if the economy is going into recession."

The strong performance came as concerns about sustained high inflation and supply chain bottlenecks weighed on the shares of smaller companies overall. The Russell 2000 benchmark of small companies posted a 12.5% gain for the year to date, half the 25% gain of the large-cap S&P 500 index as of Dec. 21.

Farsalas pinned the underperformance in small-cap stocks as a result of the Federal Reserve pulling back its emergency-level support for the economy, weighing on the sort of speculative, high-growth stocks that rallied during the early stages of the pandemic in 2020.

Among his fund's winners was retailer Boot Barn (NYSE:BOOT) Holdings Inc, which is up nearly 152% since the start of January.

Bridgeway was not immediately available for comment on its strategy.

Overall, the top-performing equity fund for the year according to Morningstar data was the MicroSectors US Big Oil 3X Leveraged ETN, which gained 151.1%, followed by a Direxion fund that made a three-times leveraged bet on homebuilders and suppliers and returned 139.4% for the year.

Among fixed income funds, the AlphaCentric Income Opportunities fund led the field with a 14.5% return through its focus on non-agency residential mortgage-backed securities. It was followed by the 11.5% gain in the RiverPark Strategic Income Institutional fund, which focuses its portfolio on high-yield corporate bonds.

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
17-01-2022 21:08:46 (UTC+7)

EUR/USD

1.1420

+0.0013 (+0.11%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.1420

+0.0013 (+0.11%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.3657

+0.0013 (+0.09%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (6)

USD/JPY

114.50

-0.10 (-0.09%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.7221

+0.0011 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.2492

-0.0027 (-0.22%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

130.74

+0.03 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (4)

EUR/CHF

1.0430

+0.0006 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (2)

Gold Futures

1,821.50

+5.00 (+0.28%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (7)

Silver Futures

23.100

+0.060 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

Copper Futures

4.4377

+0.0047 (+0.11%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (8)

Crude Oil WTI Futures

83.94

+0.16 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

86.81

+0.25 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

4.266

+0.012 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,302.14

+29.95 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,933.72

+50.48 (+0.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,611.23

+68.28 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

Hang Seng

24,260.62

+42.59 (+0.18%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (5)

US Small Cap 2000

2,161.55

+0.07 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

IBEX 35

8,838.70

+32.10 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

68.140

+0.030 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

Bayer AG NA

52.82

+0.23 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

227.05

+0.05 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Adidas AG

252.65

+0.30 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

Deutsche Lufthansa AG

7.241

0.000 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Siemens AG Class N

146.00

+0.14 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Deutsche Bank AG

12.018

+0.064 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

 EUR/USD1.1420Sell
 GBP/USD1.3657Neutral
 USD/JPY114.50Sell
 AUD/USD0.7221↑ Sell
 USD/CAD1.2492Neutral
 EUR/JPY130.74Neutral
 EUR/CHF1.0430Neutral
 Gold1,821.50Neutral
 Silver23.100↑ Sell
 Copper4.4377Neutral
 Crude Oil WTI83.94↑ Buy
 Brent Oil86.81↑ Buy
 Natural Gas4.266↑ Buy
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,302.14↑ Sell
 S&P 5004,662.85↑ Buy
 DAX15,933.72↑ Sell
 FTSE 1007,611.23↑ Buy
 Hang Seng24,260.62Neutral
 Small Cap 20002,161.55↑ Buy
 IBEX 358,838.70↑ Sell
 BASF68.140Neutral
 Bayer52.82↑ Buy
 Allianz227.05↑ Buy
 Adidas252.65↑ Buy
 Lufthansa7.241↑ Sell
 Siemens AG146.00Neutral
 Deutsche Bank AG12.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,143
SJC HCM6,110/ 6,170
(0/ 0) # 1,152
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,154
SJC Danang6,110/ 6,172
(0/ 0) # 1,154
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,154
SJC Cantho6,110/ 6,172
(0/ 0) # 1,154
Cập nhật 17-01-2022 21:08:48
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,821.87+5.390.30%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.91-0.27-0.32%
Brent$86.26-0.17-0.20%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.550,0022.860,00
EUR25.268,1426.684,53
GBP30.226,5831.517,24
JPY192,39203,66
KRW16,5320,15
Cập nhật lúc 09:02:30 18/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right