Early April is a time to look back on the first quarter of the year and assess what happened, and where we might be headed. The New York Times did that yesterday with the mutual fund business, noting that the average domestic stock fund in the Morningstar database returned 6.2 percent on the quarter, while the S&P 500 overall returned 5.4 percent. Chalk one up for the fund managers.
Among the various investing styles, the first-quarter median returns for equity fund are as follows:
* Small-cap growth funds, up 9.4 percent
* Mid-cap blended funds, up 7.9 percent
* Small-cap blended funds, up 7.9 percent
* Mid-cap growth funds, up 7.7 percent
* Mid-cap value funds, up 7.0 percent
* Small-cap value funds, up 7.0 percent
* Large-cap value funds, up 5.9 percent
* Large-cap blended funds, up 5.7 percent
* Large-cap growth funds, up 5.5 percent
So even though the large-cap funds are the laggard here, all the categories ended up outperforming the S&P 500.
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