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 http://www.research.lipper.wallst.com/researchseries/fundMarketOverview.asp .