The JPMorgan Latin America A (JLTAX) tanked 10.5% in August 2015 from a month ago—the third-worst performance among the eight funds in this review.
The Fidelity Advisor Latin America A Fund fell 8.6% in August 2015, from July 2015. In the three-month period ending August 31, the fund was down by 16.4%.
The Fidelity Advisor Latin America A Fund seeks long-term growth of capital by investing “at least 80% of assets in securities of Latin American issuers.”
The EP Latin America Fund A (EPLAX) fell by 8.4% in August 2015, from July 2015—the second smallest decline among the eight funds in this review.
Euro Pacific Asset Management offers the EP Latin America Fund A (EPLAX), which aims for capital appreciation by investing “at least 80% of its net assets.”
The Epiphany FFV Latin America Fund – Class A (ELAAX) fell 7.9% in August 2015 from the previous month. In the three-month period ending August 31, the fund fell 15.5%.
The Epiphany FFV Latin America Fund Class A (ELAAX) is offered by Epiphany Funds with Trinity Fiduciary Partners serving as the investment advisor.
A key driver of economic growth, China’s urban fixed-asset investment rose 10.9% year-over-year, or YoY, in August but fell from July’s growth rate of 11.2%.
China’s industrial production data were weaker than expected and grew by 6.1% year-over-year, or YoY, in August.
China’s total retail sales of consumer goods rose 10.8% year-over-year (YoY) to 2.49 trillion yuan in August. China’s retail sales data indicated better-than-expected growth and a slight improvement from the July rise of 10.5%.
The SSE Composite Index fell 3.2% week-over-week and ended at 3,097.92 points on September 18, 2015.
For our study on the impact of the crisis on Europe-focused mutual funds, we selected three mutual funds that have had a long history and have seen several market cycles.
Persistent failure in getting Japan back on the growth path has impacted Japan-focused mutual funds. It violates the popular belief of getting rewarded after being invested for a long term.
Nearly 68% of the US GDP is composed of PCE or consumer spending. The negative value of net exports shows that the United States imports more than it exports, and this eats into the total economic output.
All that goes up must come down. And this applies to economic cycles as well. No boom lasts forever, and all economies experience a slowdown.
The Europe 30 ProFund has been in existence since March 1999 and as of August 2015, the fund was managing $4.7 million of assets—quite a small portfolio.
With 516 holdings, the top three sectors invested in by the Vanguard European Stock Index Fund were financials, healthcare, and consumer staples, with exposures of 23.3%, 13.9%, and 13.6%, respectively.
As of August 2015, the Vanguard European Stock Index Fund was managing assets worth a mammoth $20.8 billion.
The Europe 30 ProFund follows a passive strategy of investment, as it intends to replicate the performance of the underlying benchmark.
The T. Rowe Price European Stock Fund (PRESX) fell 5.6% in August 2015 from a month ago—the second-lowest decliner among the six mutual funds in this review.