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July 7, 2014
NEW YORK — Go ahead and open the latest quarterly statements from your mutual funds when they arrive. It'll likely be painless, just like it was a quarter ago. And the quarter before that. And the quarter before that.
Nearly all types of mutual funds made money last quarter, powered by continued gains in stock and bond markets around the world. Everything from plain-vanilla bond funds to broad stock index funds to potentially risky emerging-market stock funds rose from April through June. Of the 105 fund categories that Morningstar tracks, 99 posted gains in the second quarter. And the handful that lost money are generally niche funds that rarely play more than a supporting role in an investor's portfolio.
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