It was not a good quarter for mutual funds and ETFs, not unless all you owned were commodities and bear-market funds. And it has not been a good year overall as major market indexes have slipped more than 20% from their 52-week peaks -- the traditional definition of a bear market.
U.S. stock mutual funds eked out a 0.2 percent gain in the second quarter, reversing the sharpest slide in five years, as energy and commodity stocks helped managers overcome the collapse of the subprime-mortgage market.
Canadians stashed about $1.7-billion in mutual funds in June, with some investors jumping into the market as the S&P/TSX composite index continued to hit new highs.
