FYI: It was a good summer for fund investors, as calm and strong markets around the world lifted most categories to gains from July into September.
The third quarter's smooth ascent was a turnaround from the topsy-turvy returns of the spring, when worries about the British vote to leave the European Union had global markets convulsing. It also keeps most funds on track for an up year. Through Wednesday, 94 percent of the 7,510 funds tracked by Morningstar have made money in 2016. That's a much higher rate of success than 2015, when only 37 percent of funds gained.
Regards,
Ted
http://bigstory.ap.org/article/7f32a3e36f1d444f9529191f27a4d5c6/3q-fund-review-welcome-return-strong-steady-returns
