Mutual funds did not do so well in February. However, due to their impressive performance in January, mutual funds have notable year-to-date result, according to Business Week Online.
Domestic stock funds were rather flat, as they slipped an average of 0.46%, while large-caps were the leaders of the pack for the month, with a 0.15% increase for the month. Mid-caps had the worst returns in February, as they fell 0.95%.
On the brighter side, January had extraordinary returns, with the average domestic equity fund rising 4.27% in value and small-cap growth funds climbing 7.78%.
However,
Small-caps, meanwhile, are slowing down, and John Augustine, chief investment strategist at