The Best and Worst Medalists of 2015's First Quarter
Small growth and biotech exposure led, while large value lagged.
International-equity funds beat domestic-stock funds in 2015's first quarter through March 26; small cap edged large cap, and growth trounced value. Here's a look at some of the best and worst Morningstar Medalist funds of the year's opening frame.
Among international funds, a rising dollar tempered the returns of unhedged foreign-stock funds, but overseas equity offerings still turned in some of the best absolute performances of the year thus far. Funds with significant exposure to Japan and India, as well as smaller companies, did the best. Indeed, two Matthews funds with Morningstar Analyst Ratings of Bronze-- Matthews Japan (MJFOX) and Matthews India (MINDX)--were up 16.6% and 8.9%, respectively. These were among the most impressive results of the year- and quarter-to-date through March 26 in Morningstar Manager Research's coverage universe.
Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.