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Cl A/Investment Co. of AmericaAIVSX 2019 Dividends Cl A/Investment Co. of AmericaAIVSX 2019 Total: 2.575 Cl A/Investment Co. of AmericaAIVSX 2018 Dividends Cl A/Investment Co. of AmericaAIVSX 2018 Total: 3.940 Cl A/Investment Co. of AmericaAIVSX 2017 Dividends Cl A/Investment Co. of AmericaAIVSX 2017 Total: 2.940
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Etf Asset Report Of June
Wall Street delivered an awful performance in June. The S& P 500 , the Dow Jones , the Nasdaq and the Russell 2000 have all given an extremely downbeat performance.
The combination of factors such as 40-year high U.S. inflation, renewed Coronavirus cases in various parts of the world, the Russia-Ukraine war and the Feds aggressive tightening policy are weighing heavily on investor sentiment.
The sell-off in the S& P 500 Index aggravated when the Fed raised interest rates by 75 bps in its latest FOMC meeting the biggest increase since 1994 and signaled continued tightening ahead, which could further weigh on risk-on trade sentiments. The U.S. yield curve again inverted in June after April, giving cues of a likelihood of a recession.
Another Fed rate hike of 50 or 75 bps at the next meeting in July is likely. An increase in interest rates means higher loan rates for consumers and businesses, which in turn hurt economic growth. On the economic data front, U.S. retail sales unexpectedly fell 0.3% sequentially in May of 2022, marking the first decline so far this year. It follows a downwardly revised 0.7% increase in April, as high inflation, gasoline prices and borrowing costs hurt spending on non-essential goods.
Against this backdrop, below we highlight a few ETFs that fetched sizable assets in June.
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Dow Recovers From 700 Point Drop As Investors Look For Signs Of Recession
US Stocks plummeted in early Tuesday trading as investorsâ concerns of recession grew, but rebounded in the afternoon to close flat for the day.
The Dow fell about by 130 points, or about 0.4%, after being down nearly 700 points earlier in the day The S& P 500 gained 0.2% after dropping more than 2% earlier and the Nasdaq Composite was up by 1.8%.
Tech stocks buoyed markets as investors hope that a possible recession will lead to lower interest rates.
Last week markets closed out their most brutal first-half performance in over 50 years. All major indexes have fallen in four of the last five weeks, and the S& P 500 is in a bear market, more than 20% below its January 3 record high.
The S& P 500âs 20% decline in total returns for the first half of the year was the worst since 1962, according to analysts at Bank of America, and the second worst start to the year in their data history since 1935.
Stocks in sectors connected to economic growth, like banks, also dropped Tuesday. Citigroup fell by about 0.5%, while Bank of America and JPMorgan dropped by 1 and 0.4%, respectively.
Oil fell by 8% and the U.S oil benchmark was trading below $100 which could bring some relief at the pump and ease recent constraint on consumersâ wallets. Energy stocks took a hit, however. The S& P 500â²s energy sector dropped by 4%. Conocophillips, Halliburton and Marathon Oil were all fell by more than 6%.
What Is The American Funds Investment Company Of America Fund
The American Funds Investment Company of America is a large-blend stock fund. It seeks to provide a combination of growth and income to investors. The AIVSX ticker symbol denotes the fund’s Class A shares. Investment Company of America fund first launched in 1934. Currently, AIVSX maintains a three-star Morningstar rating and a three-star rating over a 10-year period.
American Funds offers dozens of traditional mutual funds, as well as a large selection of portfolio and target funds. The portfolio and target funds are all fund of funds, as they invest in traditional mutual funds rather than in individual securities. American Funds is a subsidiary of Capital Group.
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Best Regular Etfs Of Last Week
Wall Street registered a decline last week with the S& P 500 , the Dow Jones , the Nasdaq and the Russell 2000 all losing in the 2% to 4% range. The S& P 500 concluded the worst first half since 1970 last week.
S& P Global’s final manufacturing purchasing managers’ index for June was revised up to 52.7, which was still the lowest since July 2020, but better than the 52.4 previously reported for the month. However, the Institute for Supply Management’s manufacturing index dipped more than expected to 53.0 for June from 56.1 in May, as an index tracking new orders contracted for the first time in two years.
In fact, not only last week, the entire June was lackluster. The sell-off in the S& P 500 Index aggravated when the Fed raised interest rates by 75 bps in its latest FOMC meeting the biggest increase since 1994 and signaled continued tightening ahead, which could further weigh on risk-on trade sentiments.
The strength in the greenback was palpable. Invesco DB US Dollar Index Bullish Fund UUP was up 1.2% last week. The U.S. yield curve again inverted in June after April, giving cues of a likelihood of a recession.
Most investment banks are warning about an impending recession. Deloitte sees about a 15% chance of a U.S. economic recession, as quoted on a New York Times article. Morgan Stanley sees the probability of a recession in the next 12 months at about 30%, according to the banks models .
Financials Out Of Fashion
Financial Select Sector SPDR Fund XLF lost about $1.52 billion in assets as yield curve flattened/ inverted many times in the quarter. While the Fed continued to hike rates resulting in a spike in the short-term rates, recessionary fears suppressed the long-term bond yields in the quarter. This is a negative scenario for the financial stocks and ETFs.
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Cl A/investment Co Of America Dividend History
Cl A/Investment Co. of America Dividend History Cl A/Investment Co. of AmericaAIVSX 2022 Dividends Cl A/Investment Co. of AmericaAIVSX 2022 Total: 0.155 Cl A/Investment Co. of AmericaAIVSX 2021 Dividends Cl A/Investment Co. of AmericaAIVSX 2021 Total: 3.596 Cl A/Investment Co. of AmericaAIVSX 2020 Dividends Cl A/Investment Co. of AmericaAIVSX 2020 Total: 0.734
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Notes & Data Providers
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright © FactSet Research Systems Inc. All rights reserved. Source: FactSet
Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Source: FactSet
Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones
Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones
ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones
Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk , Kraken
Calendars and Economy: ‘Actual’ numbers are added to the table after economic reports are released. Source: Kantar Media
Etf Alternatives To This Mutual Fund
In the tables below, ETFdb.com presents recommended exchange traded fund alternatives to the mutual fund AIVSX. These recommendations are powered by ETFdb’sMutual Fund to ETF Converter tool.
How ETFdb.com has selected ETF alternatives to AIVSX:The mutual fund AIVSX has been benchmarked byAmerican Fundsagainst an index,S& P 500 Index,in its fund prospectus. The ETF alternatives to AIVSX listed below consist of ETFs which trackS& P 500 Index,and ETFs which track other indexes in the same ETFdb.com Category asS& P 500 Index.
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Fund Management And Performance
AIVSX’s longest-tenured managers are James Lovelace and Donald O’Neal, who each have been managing the fund for nearly three decades. Due to the team-based nature of fund management, they are accompanied by seven other fund managers, whose tenure ranges from one year to twenty years with the Investment Company of America fund.
AIVSX had a one-year return of 13.04% . Over a five-year period, the Investment Company of America fund returned 11.75% while over a 10-year period it had an average 12.77% return. Since inception on Jan. 1, 1934, the fund has generated an annualized return of 12.1%.
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Value: A Winning Corner
Vanguard Value ETF VTV hauled in about $1.15 billion in assets in June. A hawkish Fed increased benchmark U.S. treasury bond yields in the year to as high as more than 3%. This has brought back investors favor to the value corner of investing as value stocks fare better in a rising rate environment.
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