Equity Funds' Rosy First Quarter

The stock market began the year on an optimistic note, and domestic equity funds sang along in harmony. The average domestic stock fund rose 6.7% in the first quarter, with those in the small-cap sector outpacing mid- and large-cap funds. Small-cap growth portfolios gained 12.2% on average, making it the best-performing style category for the quarter. Small-cap value and blend styles climbed 11.0% and 11.3%, respectively.

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