Small-cap funds led the charge of all types of equity funds in the fourth quarter, posting 14.2% gains, Investor's Business Daily reports. Diversified equity funds averaged 10.67% during the quarter to end a largely uncertain year on a high note.

Growth stocks edged out value stocks, which rose 9% during the same period, beating the Dow Jones Industrial Average, which gained 3.4% last month and 7% throughout the past quarter.

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