By Paul Katzeff, Investors Business Daily, Twitter @IBD_PKatzeff
How tough is the market so far this year?
Even with Tuesday’s rally — the S&P 500 shot up 1.4%, the Nasdaq surged 1.1%, both on higher volume, morphing the outlook for the stock market today into a confirmed uptrend — there is just a single U.S. diversified stock mutual fund with $100 million or more in assets in positive territory for 2016.
The fund has eked out an 0.18% gain for investors going into Wednesday, according to Morningstar Inc.
Dividends play a key role in its outperformance so far this year.
U.S. diversified stock funds as a group were down 8.27% for year. The S&P 500 was down 6.77% for the year.