After a 2.71% fall in the previous month , February, buoyed by a conclusion to the Iraqi election and a general feeling of January overselling, saw gains of 2%, according to Standard & Poor’s.
Value funds were the top performers on the month, with an average 2.88% gain. Blend funds followed with average returns of 2.21%, while growth funds had a more difficult month, bringing in an average of 1.5%.
By asset class, mid-cap equity funds were the best performing mutual fund, posting average gains of 2.47%. Small-cap followed close behind with 2.21% average gains, while large-cap funds brought up the rear with 1.9% returns.
All nine investment styles monitored by S&P posted positive gains on the month, while the S&P 500 brought in gains of 2.1%, which is slightly above the average US equity mutual fund.