Equity and equity-oriented mutual funds yielded returns up to 24% in September, with sectoral and thematic funds leading among diversified equity mutual funds. Here are the top five performers.
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,
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