A Quarter in the Red
We look under the hood at the quarter’s Morningstar Style Box trends and their (lack of) impact on investors.
We look under the hood at the quarter’s Morningstar Style Box trends and their (lack of) impact on investors.
A September swoon in growth stocks took a big bite out of the group’s performance upswing in the third quarter, with only large-cap growth stocks finishing the period in the green.
But while much of the focus in 2021 has been on the back-and-forth performance swings in the value versus growth performance gap, the bigger story in the third quarter was market capitalization. Large-company stocks were on balance the strongest performers, followed by midsized companies and then small-cap stocks.
Lauren Solberg does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.