• July 19, 2018
• Investor Education

Through July 18, 2018, the S&P 500 has gained more than 4.4% year-to-date  Retail customer portfolios have appreciated accordingly.  Notwithstanding this positive performance, there are many mutual funds that have underperformed the overall markets.  Below are ten mutual funds that have sustained heavy losses through the first half of 2018:

• Lyrical US Value Equity Fund (LYRIX)—Diversified fund with large holdings in technology and financials. Losses of 5.32%

• Mainstay Cushing Renaissance Advantage Fund (CRZZX)—Fund with large holdings in energy and industrial stocks. Losses of 5.44%

• BP Capital TwinLine MLP Fund—Fund with exposure to master limited partnerships in the energy sector. Losses of 6.75%

• Fidelity Select Environmental and Alternative Energy Fund (FSLEX)—Fund with exposure to waste management and energy control. Losses of 6.78%

• Vanguard Consumer Staples Index (VCSAX)—Fund with exposure to consumer staples stocks., Losses of 6.83%

• Fidelity Select Insurance (FSPCX)—Fund with global insurance exposure. Losses of 7.03%

• Fairholme Fund (FAIRX)—Fund with exposure to real estate and financials. Losses of 8.49%

• Fidelity Select Consumer Staples Fund (FDCGX)—Fund with heavy exposure to consumer staples. Losses of 8.9%

• Kinetics Internet Fund (KINAX)—Fund with heavy exposure to cryptocurrency. Losses of 14.83%

• CGM Focus Fund (CGMFX)—Fund that concentrates its assets in 20-100 underlying stocks in a variety of industries. Losses of 18,14%

Timing is everything.  Check your portfolio and make sure you own what you want to own and not what others are selling.

If you or someone you know has experienced investment losses, please contact the Wolper Law Firm, P.A. at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available.  The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyers who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.