The research firm reports that of the 71 funds in the group:
- 20 are growth offerings, including six technology funds
- six have “value” in their names
- eight were fixed-income funds
- two were balanced offerings.
In contrast, of the 51 funds that ended their first 12 months since inception in December 2000, over three quarters were growth or technology-oriented funds.
According to S&P, over 2001, value-oriented funds contributed most to the group’s performance, with three of the top five performing one-year-old funds falling into this category.
On the flipside, technology and aggressive funds
generally dragged the group down – the five worst
performing start-ups were all growth offerings, S&P