The best performing mutual funds of 2018

Of over 1,000 medalist mutual funds that had positive returns, most of the top performers are U.S. focused

Ruth Saldanha 14 January, 2019 | 7:00PM

2018 was a rough year for markets. Most markets ended the year in the red, with 181 of 215 equity markets under Morningstar coverage falling by 10% in value. Canada fell 12% last year, with less than 15 stocks in the S&P/TSX 60 closing the year in the green. Of the 250 stocks in the Composite index, less than 90 were in the green.

Mutual funds did not do much better. Of the total of over 21,000 open ended mutual funds in the Morningstar Direct universe, a little over 3,500 showed positive returns for 2018. Interestingly, over a thousand of these are medalist funds, meaning we believe that these funds have the potential to outperform in the future. On the other hand, several of the worst performing funds – mostly in the energy and natural resources sectors – also received a negative rating.

It is little surprise that all the top performers are U.S. equity funds, the S&P 500 lost a little over 4%, as against the 12% loss of the S&P/TSX Composite. Here’s a look at the top five performers of 2018, that are also medalist funds:

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc Class C1,410.42 USD0.54
Amazon.com Inc2,436.88 USD-0.40
Carter's Inc81.52 USD-1.77
Microsoft Corp183.51 USD0.04
Progressive Corp74.72 USD-0.40
Syneos Health Inc A59.73 USD0.30
Visa Inc Class A190.86 USD0.13

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca