Jul 3, 2009 0
Low-Quality stocks with high gains
For the past three months, small stocks were the big story. Small-cap funds gained 21.5% on average in the quarter, led by small value’s 22.2% rise. Standouts included Aegis Value Fund /quotes/comstock/10r!avalx (AVALX 6.82, -0.23, -3.26%) , up 48.5%, and Wasatch Micro Cap Value Fund /quotes/comstock/10r!wamvx (WAMVX 1.72, -0.05, -2.82%) , up 40%.
Large- and midcap offerings followed with their own strong showings.
Large-cap funds collectively added 16.2%, with large-blend and large-value each up 16.4% and large-growth up 15.6%. Among the top performers were the hardest-hit funds of 2008, such as Vanguard Capital Value Fund /quotes/comstock/10r!vcvlx (VCVLX 6.62, -0.18, -2.65%) , up 39.1%, Yacktman Focused Fund /quotes/comstock/10r!yaffx (YAFFX 12.59, -0.36, -2.78%) , up 36.9%, Legg Mason Value Trust /quotes/comstock/10r!lmvtx (LMVTX 28.64, -1.05, -3.54%) , gaining 29.4%, and Longleaf Partners Fund /quotes/comstock/10r!llpfx (LLPFX 18.90, -0.52, -2.68%) , rising 26.6%.
Continue reading Low-Quality stocks with high gains

Recent Comments