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Small-Cap Value Paced Pack In Week; Growth, Tech Also Rise; Real estate funds jumped on hopes higher interest rates will boost renting.(MUTUAL FUNDS)(INVESTMENT TRENDS)

Investor's Business Daily

| August 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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.

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