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First-Quarter Leaders and Laggards: Equity Funds

International funds outpaced domestic, small-cap bested large-cap, and growth beat value.

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Dan Culloton: Over the last quarter, we've seen international funds do better than domestic funds, small-cap funds do better than large-cap funds, and growth funds do better than value funds. This continues a trend that we saw over the last year.

Among international funds, the rising dollar has tempered returns somewhat; however, we've still seen very strong absolute performance from funds that focus particularly on Japan and India. In fact, Matthews India (MINDX) and Matthews Japan (MJFOX), two Bronze-rated funds, were among the best-performing funds in the manager-research coverage universe.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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