The bear market funds would have obviously gained, as they bet against the market uptrend. Among the best gainers were funds that employ the short sell strategy. Energy prices continued to slump.Įventually, most mutual funds finished in the red. Last year, the markets witnessed the Greek debt negotiation drama, the record surge in the US dollar, currency devaluation in China and the China-led global market rout, the plunge in biotech stocks following price gouging concerns, and finally, the first rate hike in a decade. This was in contrast to the progress of the mutual fund industry in 2015, as the gains only dipped quarter on quarter till the third quarter. The fourth-quarter gains were larger than what the funds gained in the rest of 2015 thus helping them to better their yearly performances. Talking of Healthcare and other sector equity funds, the gains for some of them would have been impossible if the fourth quarter had not been a profitable one. The best domestic category, Healthcare mutual funds, could score 8.1%. Only Japan Stock funds from the International Equity Funds category finished 2015 with gains of nearly 12%. In line with this, none of the domestic mutual fund categories finished with double-digit gains in 2015. In fact, the Dow and S&P 500 had their worst yearly finishes since 2008. Unlike the 20, the Dow, S&P 500 and Nasdaq failed to hit multiple highs in 2015. While the key benchmarks struggled to finish in the green in 2015, mutual funds too had a torrid run.
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