Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Investing March 4, 2002
Growth Loses Value, Value Grows
March 4, 2002 (PLANSPONSOR.com) - Stock funds
continued to suffer negative returns in February, with the
average diversified US equity mutual fund falling about 2.9%
during the month.
Reported by Nevin E. Adams
That loss, based on preliminary estimates from fund tracker Lipper, came on top of a loss of 1.83% for the average diversified US fund the prior month, according to Reuters. The category lost an average of 10.9% in 2001.
Small Stuff
Small-cap value funds continued their winning ways – climbing 0.5% in February. The sector soared 16.4% last year.
Meanwhile, growth funds continued to stumble, with large-cap growth funds dropping 4.5% in February on top of a 2.3% loss in January. Mid-cap growth funds also fell in February – shedding about 5.5% for the month.
Failure to?
Telecommunications funds plunged 11.7% in February and have now racked up a 44.6% loss over the past twelve months.
On the other side, gold funds rose 10.4% in February in addition to January’s gain of 11.5%. And, while not that many 401(k) investors will see that opportunity on their fund choices, the sector has earned an impressive 40.7% over the past 12 months.