NU Online News Service, March 4, 2004, 2:00 p.m. – Standard & Poor’s reports that investors seem to be moving increasingly into value-oriented investments.[@@]
The research firm, based in New York, says it has noted the trend since the start of February, possibly signaling the market’s greater concern about valuations.
In its review of domestic mutual fund performance in February, S&P found that value funds have led so far this year across all market capitalization categories. While returns were solid across domestic equity fund styles, value funds’ outperformance is somewhat atypical for the second year of a bull market, when growth investing generally leads, S&P observes.