Slideshow Top funds focused on consumer spending

Published
  • July 14 2016, 3:59pm EDT
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Top consumer spending funds

The strong jobs report last week was met with much enthusiasm as investors pushed the S&P 500 to record highs. The report showed that employers added 287,000 jobs last month, a sharp increase from May's 11,000 new jobs, according to the Bureau of Labor Statistics.

But in the markets, a week can be a long time. Now there are new worries of market downturns and a possible economic slowdown.

Indeed, the U.S. economy has been in a "plow horse mode," showing strength only in selective areas and plodding along, says Tom Roseen, head of research services at Lipper.

Consumer cyclical mutual funds, which typically ebb and flow with the economy, have shown mostly lackluster returns over the short-term (the past 12 months and year-to-date.) "I'm not all that surprised, given the concerns for a global economic slowdown," Roseen says. "With all the uncertainty, investors just can’t make up their minds."

Taking a longer view, however, there is a small group of consumer cyclical funds that has rewarded investors with double-digit gains over the past three years. Scroll through to see the top performers over that time period. All data from Morningstar.

11. PowerShares Dynamic Leisure & Entmnt ETF

Fund assets (millions): $113
1-Yr. Return: -8.23
3-Yr. Return: 5.71%
Expense Ratio: 0.63%

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10. iShares Globl Consumer Discretionary

Fund assets (millions): $237
1-Yr. Return: -5.47%
3-Yr. Return: 6.97%
Expense Ratio: 0.47%

9. First Trust Cnsmr Discret AlphaDEX ETF

Fund assets (millions): $1,716
1-Yr. Return: -6.70%
3-Yr. Return: 7.81%
Expense Ratio: 0.63%

8. Fidelity Select Leisure

Fund assets (millions): $401
1-Yr. Return: -6.37%
3-Yr. Return: 9.55%
Expense Ratio: 0.78%

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7. Fidelity Advisor Consumer Discret

Fund assets (millions): $313
1-Yr. Return: -1.66%
3-Yr. Return: 9.70%
Expense Ratio: 1.14%

6. Fidelity Select Consumer Discret Port

Fund assets (millions): $1,110
1-Yr. Return: -0.54%
3-Yr. Return: 10.58%
Expense Ratio: 0.76%

5. Vanguard Consumer Discretionary ETF

Fund assets (millions): $1,942
1-Yr. Return: 0.15%
3-Yr. Return: 11.35%
Expense Ratio: 0.10%

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4. iShares US Consumer Services

Fund assets (millions): $880
1-Yr. Return: 0.96%
3-Yr. Return: 12.61%
Expense Ratio: 0.43%

3. Consumer Discret Sel Sect SPDR ETF

Fund assets (millions): $9,828
1-Yr. Return: 3.60%
3-Yr. Return: 12.70%
Expense Ratio: 0.15%

2. VanEck Vectors Retail ETF

Fund assets (millions): $131
1-Yr. Return: 5.01%
3-Yr. Return: 15.29%
Expense Ratio: 0.35%

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1. Fidelity Select Retailing

Fund assets (millions): $2,015
1-Yr. Return: 11.89%
3-Yr. Return: 17.42%
Expense Ratio: 0.80%