It has been a surprisingly good year for stocks, ETFs and mutual funds. Year-to-date, the S&P 500 is up about 21% — and you can thank a productive third quarter during which the overall market gained about 6.5%.
The quarter was largely about the Federal Reserve, and its decision to not taper the current level of monetary stimulus being pumped into the system.
As usual, winners and losers emerged that might present opportunities — or might simply highlight a volatile sector that could be ripe for a correction. For the most part, investors are smart to look at mutual fund’s performance over a longer period of time to gain meaningful insight into a fund and the role it might play in a diversified portfolio.
Here is a look at some of the most notable winners and losers among mutual funds in 2013′s third quarter: