Equity mutual funds lose up to 10% in a week; international funds emerge as top laggards

Equity mutual funds lost up to 10% last week (June 1–5). A total of 622 funds, including mutual funds and SIFs, were tracked. Here are the top five losers (Source: ACE MF).

During the same period, the Nasdaq declined the most, falling around 5.08%, followed by the S&P 500, which dropped 2.84%. The Hang Seng fell 1.71%, while the Dow Jones, Nifty 50 and BSE Sensex declined 0.41%, 0.06% and 0.03%, respectively.

Mirae Asset Global X Artificial Intelligence & Technology ETF FoF was the worst performer, declining around 9.48% during the period.

PGIM India Emerging Markets Equity FoF and PGIM India Global Equity Opp FoF fell 4.65% and 4.34%, respectively, last week.

Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF delivered a negative return of 4.21% during the period.

Edelweiss Emerging Markets Opp Eq. Offshore Fund delivered a negative return of around 3.89% last week.