S&P: Domestic Equity Funds Continue Their Winning Ways

November 6, 2003 (PLANSPONSOR.com) - Turning in a 6.62% return in October continued domestic equity mutual funds' winning ways in 2003.

October’s gains were spread across the board, with each of the nine domestic equity styles tracked by Standard & Poor’s turning in positive results for the month.   Through October, domestic equity are funds are now up 26.40% year-to-date compared to 21.21% for the broad-market bellwether S&P 500, according to Standard & Poor’s online Web service, Fund Advisor.

Small-cap growth was October’s best performing fund investment style, up 8.91% and now has returned a stellar 39.03% year-to-date.   Joining small-cap growth at the top of the monthly leader board was small-cap blend with an 8.30% return (37.08% YTD) and mid-cap growth gaining 7.98% (31.79% YTD).   The remaining investment styles shook out in October as:

  • small-cap value – 7.61% (32.47% YTD)
  • mid-cap blend – 7.27% (29.87% YTD)
  • mid-cap value – 6.45% (26.41% YTD)
  • large-cap growth – 6.02% (23.53% YTD)
  • large-cap blend – 5.61% (20.72% YTD)
  • large-cap value – 5.53% (20.27% YTD).

For the month, the S&P 500 was up 5.66%.

The lion’s share of the gains for the year have been going to the little guy, as the average small-caps fund has returned 36.19%, a figure nearly 15% better than its large-cap rival that has returned 21.50% on average through October.   Splitting the difference are mid-cap funds turning in an impressive 29.25% through the first 10 months of the year.

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