Lipper: Funds Up Marginally in Q2

July 6, 2004 ( - US diversified mutual funds turned in a 0.84% return in the second quarter.

The largest gain among the group was in small-cap value funds, which turned in a 1.85% average return.   This was followed by S&P 500 Index fund (1.56%), and large-cap funds (1.00%), according to an analysis by Lipper Inc.

The largest losses among US diversified funds were in real estate funds, down 5.62% in the second quarter.   Real estate losses also brought down the specialty funds category, which gave back 2.19% during the April to June period.   Also down were small-cap growth funds, which lost 0.62%.  

International funds fared poorly with an average negative return of 2.41%.

A copy of the full report is available at .