Top Rated Mutual Funds for 2013
AlphaProfit to Provide New Recommendations on Best Large Cap Funds and Best Small Cap Funds for 2013
The AlphaProfit No Load Fund Growth model portfolio will be reconstituted on February 21, 2013 with top rated mutual funds in the large cap, small cap, foreign, and specialty categories.
Stock markets have got off to a robust start in 2013.
The S&P 500 is up seven straight weeks, its longest winning stretch since January 2011.
Fidelity Spartan 500 Index Fund (FUSEX) that tracks the S&P 500 index ($SPX) is up 6.8%.
Value funds dominate the list of top mutual funds in 2013.
Funds focusing on large-cap value stocks have averaged 7.4% in gains compared to 6.2% of those investing in large-cap growth stocks.
Small-cap funds have done better. The Fidelity Spartan Small Cap Index Fund (FSSPX) and Schwab Small Cap Index Fund (SWSSX) that track the Russell 2000 Index ($IWM) are each up nearly 8.8%.
While foreign funds led the rally in the latter part of 2012, their gains in 2013 are generally subdued.
Fidelity Spartan International Index (FSIIX) that tracks the MSCI EAFE index is up just 3.2% for the year while the Fidelity Spartan Emerging Markets Index Fund (FPEMX) that tracks the FTSE Emerging Index is up just 0.2%.
Discussing the recent performance of stock markets, Dr. Sam Subramanian, Managing Principal of AlphaProfit Investments, LLC and Editor of AlphaProfit's Premium Service Investment Newsletter said, 'Confidence in continued global economic recovery and robust corporate earnings have helped to lift investor sentiment in 2013. Stock prices have moved up as money flows into stock ETFs and stock mutual funds have surged.'
While U. S. stocks are up in the past year, the ride was far from smooth.
'Escalating fears over the European debt crisis and worries over an U. S. economic slowdown caused stocks to drop nearly 6.0% in May. While stimulus measures announced in the U. S. and Europe helped stocks to recover, fiscal cliff concerns caused stocks to decline again around U. S. elections. Investors have now become sanguine after Congressional lawmakers averted the fiscal cliff and voted to suspend the government's $16.4 trillion borrowing limit', added Dr. Subramanian.
Navigating through the volatility, the AlphaProfit No-Load, No-Transaction-Fee Growth Model Portfolio is up 11.2% in the past year.
AlphaProfit subscribers benefited from contributions made by top rated domestic mutual funds like Fidelity Small Cap Discovery (FSCRX) and Fidelity Small Cap Value (FCPVX) that are up over 20% in the past year.
Top rated foreign mutual funds Wasatch International Growth (WAIGX) and Matthews Asia Dividend (MAPIX) also handily contributed to subscriber's gains.
Will Sequestration Cause Top Rated Mutual Funds to Sell Off?
Stocks have now more than doubled from their financial crisis lows set in 2009.
With the S&P 500 having broken above the 1500 mark, investors are watching to see if stocks have enough momentum for the S&P 500 to exceed its all-time high of 1565, set in October 2007.
Meanwhile, the deficit reduction sequester threatens to dampen U. S. economic growth. Sequestration is part of the Congressional deal to avoid the fiscal cliff. The deficit reduction sequester gives lawmakers time until March to agree on spending cuts. As things stand now, the sequester is designed to bring about $1.2 trillion in savings through 2021.
Looking ahead, Dr. Subramanian believes the market is a bit ahead of itself. He however does not anticipate a sizeable decline near-term.
Dr. Subramanian says, 'The market is likely to have a modest downside bias until an overbought technical picture corrects itself. Investor's 'buy-on-dips' mentality should however limit the magnitude of decline and stretch it out over time.'
Dr. Subramanian believes the consolidation phase can provide a good opportunity to buy top rated mutual funds for 2013.
U. S. stocks are attractively valued from a historical perspective. S&P 500 companies on average trade at 14.9 times reported earnings and 13.3 times forecasted 12-month earnings.
'Modest valuation coupled with rising corporate earnings, near-zero interest rates, and stimulus policies around the world can set the stage for the S&P 500 to make new all-time highs', says Dr. Subramanian.
Top Rated Mutual Funds for 2013 - Large Cap, Small Cap, and Foreign
AlphaProfit's no-load, no-transaction fee (NTF) growth model portfolio will be repositioned with top rated mutual funds on February 21. Learn more about AlphaProfit's best fund recommendations and fund model portfolios.
During the past four years, the no-load, NTF growth model portfolio has gained at a 20% annual rate, well in excess of the 16% rate for its benchmark consisting of broad U. S. and foreign indexes.
The no load, NTF growth model portfolio's outperformance was driven by contributions from several top rated mutual funds.
During the past 4 years, AlphaProfit subscribers benefited from the selection of top rated domestic mutual funds like Janus Venture (JAVTX) and Janus Triton (JATTX) that have gained nearly 170% each. Among top rated mutual funds in the foreign category, subscribers benefited from Westcore International Small Cap (WTIFX) and Harding Loevner International Small Company (HLMSX) that have risen over 165% each.
Looking ahead to the repositioning Dr. Subramanian said, 'Our primary task is to help subscribers protect their recent gains during the consolidation phase. We look forward to enabling subscribers add to these gains by investing in top rated mutual funds for 2013 when market conditions turn favorable.'
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AlphaProfit Investments, LLC is an independent investment research firm based in Sugar Land, TX. AlphaProfit publishes the AlphaProfit Sector
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