The year was a challenge like few others for the $21.3 trillion mutual fund and $4.4 trillion ETF industry. Tech was another clear winner from the pandemic as people moved from offices to work-from-home and conducted business by video call while ordering goods online. Among actively managed equity funds, the Highland Small Cap Equity fund posted the year's worst return with a 51.1% decline. The year's top-performing intermediate core bond fund, meanwhile, was the American Funds Strategic Bond fund with a 17.7% gain. The fund has roughly 43% of its portfolio in Treasuries, double the weight if its benchmark index, according to Morningstar.

Source: Mint December 28, 2020 06:38 UTC