2013 has been a year to celebrate for most stock-market investors, with the broad market up about 31% as measured by the S&P 500 Index as equity investors continue to push prices higher.
One of the real stories this year is how the markets have risen — based on multiple expansion, not so much on earnings growth. In other words, investors are willing to pay more for each dollar of earnings that companies produce.
With an up market like the one we have experienced in 2013, there are always mutual funds and strategies that have had the wind at their respective backs.
Here are a few of the best mutual funds of 2013 across several slices of the market: