Domestic stock funds rallied in November to post their best month this year, Investors Business Daily reports.
Domestic diversified equity funds increased 5.27% in November, according to
Small-cap value emerged as the top-performing sector last month by delighting investors with an average 8.29% return. The large-cap growth sector brought down average growth figures for stock funds by posting average 4.21 returns.
The Dow Jones Industrial Average increased 4% last month, while the Standard & Poors 500 Index climbed by 3.87%. But the strongest gains appeared in the Nasdaq and S&P 600, which respectively increased by 6.17% and 8.46%. Fund managers like Paul Gulden of the Pax World Growth Fund say they are heartened by Novembers rally but stop short of predicting a long-term run-up in stock prices.
