Tradition Returns
Today the markets in the USA took a bit of tumble due to the trade deficit of $63.8 billion for the month of May. The Dow fell 121.59 and NASDAQ dipped 38.62 from this news. Oil went the other direction as it is close to 75 a barrel.
Microsoft has been given a record regulatory fine by the European Union for its anti-trust problems over Windows. The handed down was $356 million and of course Microsoft is going to fight this problem.
Want hope outside of Hedge Fund’s and ETF’s well there is a new breed of mutual fund’s with a all-star cast of managers. Mutual fund assets are at $9.5 trillion and many investors are seeking their old roots of investing. Fees have dropped these past few years so investors are investing for a cheaper fee. Here is a list of some top performers.
15.84 U.S. Global Investors Gold Shares (USERX) 148.54%
4.11 Midas (MIDSX) 138.46%
48.87 ProFunds Precious Metals Ultra Inv (PMPIX) 135.83%
29.18 U.S. Global Investors WrldPrecMineral (UNWPX) 134.66%
47.03 ProFunds Precious Metals Ultra Svc (PMPSX) 133.76%
59.06 ProFunds UltraJapan Inv (UJPIX) 133.00%
56.39 ProFunds UltraJapan Svc (UJPSX) 130.68%
16.35 Van Eck Intl Investors Gold A (INIVX) 125.20%
16.04 Van Eck Intl Investors Gold C (IIGCX) 124.02%
27.66 USAA Precious Metals and Minerals (USAGX) 120.74%
