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Small Caps Fueled Stock Funds In Nov. U.S. Funds Gained 5.1% World, bond portfolios lagged during month; managers see tech ignite.(A)
Byline: DAN MOREAU
Small-cap growth funds rode a stock market rally to solid gains in November, and led performance among mutual fund classes, according to Lipper Inc.'s preliminary data for the month.
Small-cap growth funds jumped 6.52% in the month through Nov 22.
Overall, U.S. stock funds rose 5.1%. The S&P 500 index funds were up 5.13% in the period, Lipper said. For the year, the index funds were down 18.25%.
The Dow gained 4.86% in the period. It rose 20.85% since the latest rally began after the market bottomed on Oct. 9.
The S&P 500 index rose 5.06%. It rose 19.8% since Oct. 9. And the Nasdaq composite was up 10.45% in …
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