Irony of Top Performing US Mutual Funds

I was looking over the list of top performing mutual funds in the US. The list from Yahoo Finance is here.

The three relevant charts are reproduced here:

Top Performers – 1 Year Fund Name Symbol Return AIM China I IACFX 107.93% Direxion Latin America Bull 2X Inv DXZLX 107.33% AIM China A AACFX 107.00% AIM China C CACFX 105.54% AIM China B ABCFX 105.53% Nationwide China Opportunities Instl Svc GOPSX 100.74% Nationwide China Opportunities Instl GOPIX 100.68% Nationwide China Opportunities A GOPAX 100.27% Nationwide China Opportunities R GOPRX 99.64% Nationwide China Opportunities C GOPCX 98.81%

Top Performers – 5 Year Fund Name Symbol Ann. Ret. BlackRock Latin America I MALTX 52.51% BlackRock Latin America A MDLTX 52.12% T. Rowe Price Latin America PRLAX 51.30% BlackRock Latin America C MCLTX 50.95% BlackRock Latin America B MBLTX 50.94% Fidelity Latin America FLATX 50.43% Eaton Vance Greater India A ETGIX 50.32% Eaton Vance Greater India B EMGIX 49.83% Fidelity Advisor Latin America I FLNIX 49.74% Fidelity Advisor Latin America A FLTAX 49.27%

Top Performers – 3 Year Fund Name Symbol Ann. Ret. T. Rowe Price Latin America PRLAX 57.31% BlackRock Latin America I MALTX 53.80% BlackRock Latin America A MDLTX 53.42% BlackRock Latin America C MCLTX 52.27% BlackRock Latin America B MBLTX 52.26% ING Russia A LETRX 52.03% Fidelity Latin America FLATX 51.23% Fidelity Advisor Latin America I FLNIX 50.65% Fidelity Advisor Latin America A FLTAX 50.24% DWS Latin America Equity S SLAFX 50.02%

It is very interesting to note that 90% of all top 1 yr performers are investing in China, and 90% of the top 3 year performers invest in Latin America, and similar trend continues for the top 5 year performances (with a couple of India based funds thrown in).

There is not even a single fund in the lists that is based on investments in US companies! How ironic is that?

Advertisement