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Fund Times

Fund Times: A Manager Says the Market Rally Is Pure Junk

Plus, target-date hearing kicks off today in Washington.

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Turner's Quantitative Investing Team recently released a research piece on the bear market. Below are a few insights that we found interesting:

� The smallest and cheapest--and, according to its quantitative model, the most fundamentally unsound--stocks performed best since the market bottomed in March. In the Russell Microcap Growth Index, the stocks ranked in the lowest quartile for the factor of market capitalization--stocks with market capitalizations of less than $26.5 million--returned 93.49% from March 6 to May 8.

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Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.