Just about every size of U.S. stock has done well, with large-cap, midcap and small-cap value funds averaging between 13% and 15%, according to Morningstar. Japanese equity funds have done well, too, returning nearly 15%.
Oh, if only all funds were so lucky.
Funds offering exposure to gold and emerging markets haven’t just underperformed U.S. and Japanese stocks … they’ve taken a big, negative bite.
We’ll take a look at some of the best and worst mutual funds of 2013’s first half, examining just one fund per industry or category (otherwise, all the losers would have been in precious metals!), but limiting it to non-leveraged funds no smaller than $100 million in assets. So, here are the darlings and dogs of the first six months of 2013.