{"id":104524,"date":"2021-01-15T12:46:33","date_gmt":"2021-01-15T12:46:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=104524"},"modified":"2021-01-15T12:46:33","modified_gmt":"2021-01-15T12:46:33","slug":"the-stock-markets-perplexing-rise-lifted-many-kinds-of-funds","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/the-stock-markets-perplexing-rise-lifted-many-kinds-of-funds\/","title":{"rendered":"The Stock Market\u2019s Perplexing Rise Lifted Many Kinds of Funds"},"content":{"rendered":"<p>Diverse investing styles yielded winners, with funds investing in Latin American, clean energy and value stocks all toting up big gains.<\/p>\n<p><span>By <\/span><span>Tim Gray<\/span><\/p>\n<h2>Ahead of the Market<\/h2>\n<p>How three of the better performers of the fourth quarter of 2020 fared against the stock market \u2014 and against their peer groups of funds.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static01.nyt.com\/newsgraphics\/2021\/01\/12\/top-mutual-funds\/5dda0718a13fa87b275e7d0c7875e0bf2ca5da90\/0117-sbn-web-TOPP-Artboard_2.png\"><\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>+33.7%<\/p>\n<p>Latin America stock<\/p>\n<p>+32.6%<\/p>\n<p>Third Avenue Value<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>Third Avenue Value<\/p>\n<p>+35.8%<\/p>\n<p>World stock<\/p>\n<p>+15%<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+32.4%<\/p>\n<p>World small\/mid stock<\/p>\n<p>+22.4%<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static01.nyt.com\/newsgraphics\/2021\/01\/12\/top-mutual-funds\/5dda0718a13fa87b275e7d0c7875e0bf2ca5da90\/0117-sbn-web-TOPP-Artboard_3.png\"><\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>Third Avenue Value<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>+<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>10<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>0<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>Third Avenue Value<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+33.7%<\/p>\n<p>+35.8%<\/p>\n<p>+32.4%<\/p>\n<p>Latin America stock<\/p>\n<p>World stock<\/p>\n<p>World small\/mid stock<\/p>\n<p>+32.6%<\/p>\n<p>+15%<\/p>\n<p>+22.4%<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static01.nyt.com\/newsgraphics\/2021\/01\/12\/top-mutual-funds\/5dda0718a13fa87b275e7d0c7875e0bf2ca5da90\/0117-sbn-web-TOPP-Artboard_4.png\"><\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>T. Rowe Price Latin America<\/p>\n<p>+33.7%<\/p>\n<p>Latin America stock<\/p>\n<p>+32.6%<\/p>\n<p>Third Avenue Value<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>Third Avenue Value<\/p>\n<p>+35.8%<\/p>\n<p>World stock<\/p>\n<p>+15%<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+<\/p>\n<p>40<\/p>\n<p>%<\/p>\n<p>+<\/p>\n<p>30<\/p>\n<p>+<\/p>\n<p>20<\/p>\n<p>+<\/p>\n<p>10<\/p>\n<p>S. &#038; P. 500<\/p>\n<p>TOTAL RET.<\/p>\n<p>0<\/p>\n<p>O<\/p>\n<p>N<\/p>\n<p>D<\/p>\n<p>FOURTH-QUARTER RETURNS<\/p>\n<p>Calvert Global Energy Solutions<\/p>\n<p>+32.4%<\/p>\n<p>World small\/mid stock<\/p>\n<p>+22.4%<\/p>\n<p>By The New York Times | Source: Morningstar Direct<\/p>\n<p>For much of the last decade, investors have prized big U.S. growth companies, like Amazon and Apple, above other sorts of stock-market sectors.<\/p>\n<p>In the fourth quarter, despite the Covid-19 pandemic, the market rewarded a greater variety of stocks. In a hard-to-figure surge \u2014 the S&amp;P 500\u2019s total return was 11.07 percent \u2014 all sorts of investment approaches gave hefty returns.<\/p>\n<p>Consider the diversity of three of quarter\u2019s top-performing mutual funds. One invested in Latin America; another in companies at the forefront of the transition to renewable energy; and the third in so-called value stocks, that is, those priced cheaply based on estimates of their underlying worth.<\/p>\n<h2>T. Rowe Price Latin America<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static01.nyt.com\/images\/2021\/01\/17\/business\/15MFQ-TOPP-01\/merlin_148847448_e5ec1f0b-aef1-4c25-bfce-e458262e6adb-articleLarge.jpg\"><\/p>\n<p>Tech stocks aren\u2019t absent from the T. Rowe Price Latin America fund, managed by Verena Wachnitz. It\u2019s just that the ones Ms. Wachnitz buys aren\u2019t household names in the United States. Instead of investing in Amazon, Ms. Wachnitz has bet on e-commerce by buying MercadoLibre, an Argentine company that operates throughout Latin America, and Magazine Luiza, a Brazilian outfit.<\/p>\n<p>\u201cThe pandemic has been a blessing for this kind of business,\u201d she said. \u201cIt has really accelerated the adoption of e-commerce.\u201d<\/p>\n<p>MercadoLibre now has the second-largest market capitalization, behind the mining company Vale in Brazil, among stocks listed in Latin America, she said.<\/p>\n<p>The name of Ms. Wachnitz\u2019s fund makes plain her mission: buying shares of companies based in Latin America. She prospects heavily in Brazil and Mexico, because those countries\u2019 markets loom large in the region. Brazilian stocks account for about 64 percent of the assets of her fund, and Mexican ones 15 percent.<\/p>\n<p>Ms. Wachnitz said she\u2019s optimistic about the economic prospects of Brazil, and less so about Mexico\u2019s.<\/p>\n<p>Brazil\u2019s president, Jair Bolsonaro, has been a lightning rod for international criticism. With his penchant for outrageous tweets, he\u2019s the self-styled \u201cTrump of the tropics,\u201d and his administration has been investigated for possible corruption. But he has pursued pro-market policies, she said.<\/p>\n<p>Source: <a href=\"https:\/\/www.nytimes.com\/2021\/01\/15\/business\/mutfund\/the-stock-markets-perplexing-rise-lifted-many-kinds-of-funds.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diverse investing styles yielded winners, with funds investing in Latin American, clean energy and value stocks all toting up big gains. By Tim Gray Ahead [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":104523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Stock Market\u2019s Perplexing Rise Lifted Many Kinds of Funds - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/the-stock-markets-perplexing-rise-lifted-many-kinds-of-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Stock Market\u2019s Perplexing Rise Lifted Many Kinds of Funds - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Diverse investing styles yielded winners, with funds investing in Latin American, clean energy and value stocks all toting up big gains. 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