There's a reason why people haven't had the “growth versus value” discussion in a while. For the past several years, both investment disciplines have tracked fairly closely, if you’re to believe the Russell 3000 data. Since the election results, however, things have changed. Disregarding the “whys” behind this for the moment, let's instead focus on the data itself.
The first quarter numbers from Morningstar show this vividly. On average, growth funds beat value funds by just under 5 percent. The disparity is more pronounced in the small cap arena, where the average growth fund exceeded a 5.5 percent return, while the average value fund languished at barely above break-even, after having been down more than 2 percent year-to-day just before the quarter end.
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