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Our Equity Portfolios
Adapt to Changing MarketsThe FundX Upgrader Funds aren’t confined to just one area of the market. Instead, the Funds have dynamic allocations that change as market conditions change. The changing composition of the FundX Upgrader Fund (FUNDX), our flagship equity fund, illustrates how Upgrading strategy has guided the portfolio into various market categories over the years.
2007 marked the fifth consecutive year in which foreign equity outperformed their US counterparts, and the FUNDX portfolio reflected this, with 80% of the portfolio invested overseas. The bull market also favored stocks from developing countries, and that strength boosted emerging markets funds in our ranking system.
2008 brought a bear market that started in May and continued into March of 2009. Although all areas of the markets suffered across the board, overseas funds were hit slightly worse than US funds. This caused us to promptly adjust our equity portfolios into more diversified mix, including some commodities as well.
2010 saw the continuation of the market’s rebound from its low in March 2009, albeit with considerable volatility in the second quarter. Both emerging and mature foreign market funds did well for much of 2010, but were replaced in the latter part of the year. Small and mid-cap US stocks provided a significant boost, especially in the last six months.
Diversification does not assure a profit nor protect against loss in a declining market.
Sector allocations are subject to change and should not be considered a recommendation to buy or sell any security. Click Here for standardized performance of the FundX Upgrader Fund (FUNDX).