NU Online News Service, April 5, 2004, 12:10 p.m. – Continuing a trend begun last year, smaller-cap and value-oriented mutual funds performed better than all other domestic fund investment styles in the first quarter of 2004, reports Standard & Poor’s, New York.[@@]
Small-cap funds returned 5.14% during the first quarter, including 0.45% in the month of March, S&P says.
Value oriented mutual funds showed an average return of 4.41% for the quarter and 0.26% in March.
In comparison, the average domestic equity fund was up 3.02% for the first quarter, despite a drop of 0.62% in March.