2024-07-19 10:40:00 ET
Summary
- The outperformance of the Magnificent 7 caused the SPX to outpace the returns of the average stock in the quarter.
- Pioneer Fund’s Class Y Shares returned 6.45% for the second quarter, substantially outperforming the 4.28% return of the SPX.
- We are not sure when or if the long-anticipated recession will occur, but we believe there is value in cyclical areas of the market, such as financials, materials, and to a lesser extent semiconductors.
Performance Analysis and Market Commentary
Average Annual Total Returns for Class Y Shares
Month-toDate | Quarter- To-Date | Year-ToDate | 1-Year | 3-Year | 5-Year | 10-Year | |
Pioneer Fund ( PYODX ) | 3.67% | 6.45% | 19.25% | 35.29% | 10.65% | 16.92% | 13.55% |
S&P 500 Index (Benchmark) | 3.59% | 4.28% | 15.29% | 24.56% | 10.01% | 15.05% | 12.86% |
Read the full article on Seeking Alpha
For further details see:
Pioneer Fund Q2 2024 Performance Analysis And Market Commentary