NU Online News Service, June 12, 11:32 a.m. – Standard & Poor’s, New York, reports that small-cap value funds and mid-cap value funds are outperforming the seven other types of domestic equity funds it tracks.
Total return figures for the first five months of the year show that the seven other types of funds all lost money. The average domestic equity fund was down 5.16%, and the funds in the worst-performing category, the large-cap growth category, suffered an average decline of 10.63%.
But small-cap value funds scraped up a 3.68% increase, and mid-cap value funds increased 6.62%.
Small and mid-cap stocks are doing well, in general, because most have avoided the accounting and management scandals, the regulatory scrutiny and the currency fluctuation issues that have hurt the stocks of larger companies, S&P says.