July 19, 2002 — Here are yesterday’s five best- and worst-performing domestic equity funds with assets of more than $2 billion. The screen is limited to growth, value, and blend funds and excludes sector funds, balanced funds, and funds primarily seeking income.
Stocks closed lower yesterday amid gloomy earnings forecasts and data showing weakness in the economy. A loss by Philip Morris Cos (MO) weighed on the Dow, while a decline in the Philadelphia Federal Reserve Bank’s manufacturing index hurt the broad market.
All funds in our screen posted losses yesterday. Mid- and large-cap value offerings generally held up better yesterday than large-cap growth portfolios. The average fund fell 2.42%, while the S&P 500 lost 2.70%.