Funds that invest in small and midsize stocks generally did better than those that invest in the largest companies. And funds emphasizing bargain-priced "value" stocks did better than those favoring faster-expanding "growth" stocks.
Putting those two dimensions together, the average small-cap-value fund returned 12.3%, according to Lipper, better than the average 8.4% advance for large-growth funds.
The average international-stock fund returned 3.8% in the quarter, according to Lipper. The weakening of the euro, the pound and the yen against the dollar took a bite out of returns that U.S. investors earned. That's because most funds don't hedge their exposure to foreign currencies, and stock gains earned abroad translated into fewer dollars as the dollar advanced.
Meanwhile, investors didn't get rich in the bond market. Funds holding intermediate-term investment-grade bonds—the most widely held category—returned 0.2% on average in the first quarter.
Source: Karen Damato, Wall Street Journal
The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal
has ranked D2 Capital Management in the top 25 of Certified Financial
Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida.
No comments:
Post a Comment