AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: DAN MOREAU
Small-cap value funds led performance as the stock market put in its eighth straight week of positive returns.
Small-cap value returned 2.65% in the week ended Nov. 27, according to Lipper Inc. data.
Science and tech led sector funds with a 1.9% gain. They'd shot up 7.5% the week before. And Japanese funds led overseas fund performance, as their gain accelerated to 2.93% from 1.31% the previous week.
Gold funds, which lead performance for the year, fell 1.91% for the week, adding to the 3.07% decline the week before. Gold typically draws investors in bear markets, then falls as stocks rebound.
The Dow Jones industrial average rose 0.98% in the four-session week. The S&P 50 index was up 0.55%, while the Nasdaq composite rose 1.39%. U.S. stock funds on average rose 0.92%.
Telecom funds were also among the top performing sectors. They rose an average 1.56%. The sector has been beaten down so long that investors are snapping up bargains in anticipation of a rebound in spending on telecom equipment.