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-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.
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.
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