Investing June 11, 2002

Small and Mid Caps Rule through May

June 11, 2002 (PLANSPONSOR.com) - The bulls have been running in small and mid-cap value funds so far this year, but the bears were frolicking in the rest of the domestic equity fund market, Standard & Poor's reported.
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The star performers among domestic-equity categories were small-cap value, which is up 6.62% year-to-date while mid-cap value was up 3.68% during the period.

According to S&P, in 2002, small and mid-cap stocks and the funds that hold them have outperformed the S&P 500 as they did in 2000 and 2001.

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In addition, these companies have avoided the accounting and management scandals, the regulatory scrutiny, and the strong-dollar issues that have hurt larger-company funds, S&P said.

On a year-to-date basis, S&P said that seven of the nine remaining broad equity categories were in negative territory with large-cap growth being the chief laggard at -10.63%.

The average domestic equity fund is down 5.16% through the end of May, while the S&P 500 is off 6.66%.

The category performance data on a year-to-date basis through May were:

  • Large-Cap Growth Average, -10.63%
  • Large-Cap Value Average, -2.36%
  • Large-Cap Blend Average, -6.62%
  • Mid-Cap Growth Average, -7.54%
  • Mid-Cap Value Average, +3.68%
  • Mid-Cap Blend Average, -3.33%
  • Small-Cap Growth Average, -8.96%
  • Small-Cap Value Average, +6.62%
  • Small-Cap Blend Average, -0.83%
  • Domestic Equity Funds, -5.16%
  • S&P 500, -6.66%

Total returns are in US dollars and include reinvested dividends.

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