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Byline: DAN MOREAU
Small-cap funds -- value, core and growth -- trumped their diversified stock mutual fund rivals in the week of July 25-31, Lipper Inc. reported.
The gains ranged from 1.68% for growth funds to 1.86% for value funds. The average stock fund overall rose 1.13% as the stock market continued its five-month rally.
"Before the Iraq war, people were sticking with brand-name big-cap stocks," said Lipper analyst Tom Roseen. "After the war, people are willing to take more risk, and they went to small-cap stocks."
Large-cap growth rose 1.11% and mid-cap growth climbed 1.1%. Large-cap value rose 0.89%; mid-cap value was up 1.26%.
The black ink came as the Nasdaq composite rallied another 1.97% in the week. For the year it was up nearly 30%. The S&P 500 index rose 1.07% in the week and was up 12% for the year.
Real estate funds led sector fund performance in the period, rising 1.9%. Real estate funds were up an average 19.12% for the year.