[ Enlarge Image ]In all four size categories, from small-cap through large-cap, Value funds handily outperformed both‘core’ and ‘growth’ type funds over the whole decade. Growth was the worst place to have been in those 10 years.
It was a ‘small is beautiful’ 10 years as absolute returns grew inversely with the market cap of the holdings. That’s not surprising when you consider how overpriced the big-cap S&P 500 was in 2000 near the top of that market cycle.
Dr. Paul Price
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