Mid-Value Funds All Over the Map
Most of Morningstar's top Medalists are shining in a pack of broad returns.
There's a wide dispersion among mid-value funds these days. The range of returns for the 12 months through June 30, 2015, spans an 11.6% gain to a 19.0% loss. Funds that favor utilities, energy, and other commodities are hurting a bit, while those favoring health-care, tech, and consumer stocks are feeling fine. Go out to three years and annualized returns look cheerier, though the range is still quite wide, going from near-zero to a high 34% annual gain, on average.
The group is worth a look because the best stock-pickers make it their home.
Russel Kinnel has a position in the following securities mentioned above: VASVX. Find out about Morningstar’s editorial policies.