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Special Report

Winners and Losers: Stock Types '99

The U.S. market showed a clear-cut pattern in 1999: The more risk, the more reward. Average returns for the eight Morningstar stock types, which are based on companies' growth trends and other fundamental characteristics, reveal that investors who bought shares in younger, riskier companies got a lot richer than those who stuck to a more conservative path.

 Morningstar's Stock Types: The Winners and Losers for 1999
1999 Return ( % )
Slow Growth 98.09
Speculative Growth 88.13
Distressed 68.56
Aggressive Growth 42.15
Classic Growth 30.19
Cyclical 22.92
Hard Asset 20.42
High Yield -7.64
Data as of 12-31-99.