Katie Reichart: While the U.S. equity market had a great year in 2017, growth funds did particularly well. Of all the diversified Morningstar U.S. equity categories, large-growth funds led the way, with the average fund up almost 28% for the year and the Russell 1000 Growth Index gaining 30%. That reversed the trend seen in 2016, when value outperformed growth.
In 2017, many large-growth funds got a boost from the hot performing technology sector, especially giants Apple, Amazon, and Facebook.
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Katie Rushkewicz Reichart has a position in the following securities mentioned above: HACAX. Find out about Morningstar’s editorial policies.