What Got Hit Among U.S. Stock Funds?
The hardest hit parts of the market were the corners that had been leading the charge higher.
When stocks hit an air pocket this week, as is often the case, hardest hit were the corners of the market that had been leading the charge higher. In this case, it's been mutual funds focused on growth stocks that have taken it on the chin, especially those loaded up with shares of technology companies.
Also suffering larger losses were a number of exchange-traded funds employing momentum strategies. However, ETFs with dividend strategies weathered the storm relatively well. We'll look through the market turmoil with data and tools from Morningstar Cloud.