Index fund investing in 2024

In 2024, index fund investing benefits from AI-powered sectors driving Nasdaq index funds up 15% YTD. Diversification across industries remains the core appeal for long-term portfolio construction. Your Four-Part Blueprint To Unlock AI Value In 2025 | Paid Program The highest-ranking fund was the PIMCO Total Return fund. Its 2.7% return put it in the 3rd percentile of the intermediate core-plus category, compared with the 2.1% return for the Morningstar US Core Plus Bond Index and the average 2.1% return for the category. That performance comes after its manager, Mohit Mittal, made changes to the fund’s approach. “The firm tasked Mittal with improving things by incorporating high-conviction ideas from across the firm to a greater degree than his predecessor,” writes Morningstar principal Brian Moriarty. “The goal has been to improve results without introducing an unwelcome level of volatility, in part via rigorous position sizing.” The Gold-rated fund’s Process rating was upgraded to High from Above Average in January. Passive fund inflows reached a record $60 billion in June 2024, as investors sought refuge from individual stock volatility. Index fund investing allows participation in upswings while limiting drawdowns.