Mutual Funds Start 2006 with Solid Gains
Ken Hoover, Investor's Business Daily, reports that "If the January barometer [or "January effect"] is any guide, 2006 is shaping up as a year of solid returns in mutual funds. ...The market -- including fund investors -- had a terrific January 2006. For the month, the average diversified domestic fund was up 4.66%. Small-cap funds clobbered large-cap, and growth was a bit better than value. The best-performing style was small-cap growth, up 8.62%. Large growth limped in with a 2.97% gain." Details of major index returns, selected mutual funds' returns and commentary can be found in the
article from Investor's Business Daily via Yahoo Finance.
Posted by
KenW at 8:24 AM
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