The Top-Performing Funds in 2011's Toughest Category
These two small-value funds have followed different paths to success in a difficult year for the peer group.
Among Morningstar's diversified domestic-stock fund categories, the small-value peer group has faced the stiffest headwind in 2011. For the year to date through Nov. 28, the category's typical entrant has shed 10.3% of its value.
That nosedive owes in part to the flight to safety that's marked the second half of 2011. According to Morningstar's estimates, more than $53.4 billion has been yanked from U.S. stock funds in the year to date through Oct. 31, with the bulk of outflows coming since June. And with equity investors seeking at least relative stability amid persistent economic uncertainty, the average funds in our large-cap categories have handily surpassed small-cap offerings across the valuation spectrum.
Shannon Zimmerman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.