Top Rated No Load Mutual Funds for 2012
AlphaProfit Provides New Recommendations
AlphaProfit has just reconstituted the No Load Mutual Fund model portfolio with top rated no load mutual funds in the domestic, foreign, and specialty categories.
Stock prices around the world are fizzling after starting the year on a strong note.
The market value of global stocks has declined by nearly $3 trillion in May.
Fidelity Spartan 500 Index Fund (FUSEX) that tracks the S&P 500 index ($SPX) is down 9% after peaking on April 2. These losses have trimmed the fund’s year-to-date advance to less than 4%.
Overseas markets have led the decline and their losses are steeper.
Popular foreign market proxies MSCI EAFE index and MSCI Emerging Markets index marked their highs for the year on March 19 and March 2, respectively. Since then, these indexes have suffered double-digit losses.
Fidelity Spartan International Index Fund (FSIIX) and Northern Emerging Markets Equity Index Fund (NOEMX) that seek to track the developed and emerging market indexes are now in negative territory for the year.
Discussing the recent performance of the U. S. stock market, Dr. Sam Subramanian, Editor of AlphaProfit's Premium Service Investment Newsletter said, 'Political & economic uncertainties in Europe, fears of a manufacturing slowdown in China, and worries of the U. S. economy losing momentum are haunting the markets.'
Defensive investments have come in favor as macro factors have eroded investor confidence.
Top rated no load mutual funds that focus on large cap stocks have in general held up better than small cap stocks.
Fairholme Fund (FAIRX) that invests in large cap value names, for example, is up 14% for the year while Columbia Small Cap Value Fund (CSVRX) is down 2%.
In the foreign space, top rated no load mutual funds that invest in high-growth emerging markets like Latin America have fared poorly while those investing in Japan have held up better.
Fidelity Latin America Fund (FLATX) is down 5% for the year while Hennessy Select SPARX Japan Fund (SPXJX) is essentially flat.
The AlphaProfit No Load, No Transaction Fee (NTF) Growth model portfolio has benefited from selection of top rated no load mutual funds.
Bucking this difficult market environment, Harding Loevner International Equity Fund (HLMNX) and Schroder Emerging Market Equity Fund (SEMVX) recommended in the No Load, NTF Growth model portfolio helped subscribers to actually make money during the past 6 months.
Outlook for Top Rated No Load Mutual Funds
While technical measures like RSI suggest stocks are deeply oversold after this steep sell-off, Dr. Subramanian believes the rebound is unlikely to mark the bottom for this decline.
Commenting on his near-term outlook for world stock markets Dr. Subramanian said, 'The markets currently have to cope with high levels of uncertainty in Europe.'
He elaborated, 'Investors have to wait until June to see how Greece’s decision to hold a second election or virtual referendum on staying in the euro-zone pans out. Meanwhile, the banking and economic crisis in Spain poses a significant threat to the euro zone framework.'
Looking beyond these near-term uncertainties, Dr. Subramanian is quite optimistic in his outlook for the U. S. stock market.
'The vote against austerity in France has a silver lining', says Dr. Subramanian. 'It raises the odds of the European Central Bank implementing quantitative easing programs. Germany, a key opponent of such measures until now, is likely to tacitly support them.'
Investors should also not lose sight of the fact that 2012 is a Presidential Election year in the U. S. The Federal Reserve has hinted that it is ready to pursue additional stimulus measures if the economy loses momentum.
Meanwhile, U. S. corporations are doing well on the earnings front and their shares are attractively valued.
Nearly 70% of S&P 500 companies reporting first quarter earnings have beaten analysts’ 1Q EPS forecasts compared to the 62% long-term average. U. S. stocks trade at 13.8 times last 12-month EPS compared to the 16.4 long-term average.
Top Rated No Load Mutual Funds for 2012
The AlphaProfit No Load, No Transaction Fee Growth model portfolio is repositioned with top rated no load mutual funds. Learn more about AlphaProfit's Fidelity fund recommendations.
By consistently selecting the best funds using proven style rotation principles, the No Load NTF Growth Model Portfolio has gained at an 18.9% annual rate since March 2009.
During the same period, domestic and foreign indexes have gained at a 13.9% annual rate.
In simple terms, the AlphaProfit No Load Fund Model Portfolio has helped Premium Service subscribers earn 42% more money than index investors.
Looking ahead to the new no load mutual fund recommendations and beyond, Dr. Subramanian affirms, 'Our top priority in the near-term is to protect wealth as the bearish phase runs its course.'
'The best buying opportunity for 2012 is likely to emerge during the summer months. We will look to increase allocation to aggressive top rated no load mutual funds at the right time to take full advantage of the opportunity', concluded Dr. Subramanian.
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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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