Small-cap and midcap domestic equity mutual funds are leading the way in returns in 2010, according to a Standard & Poor's analysis.
Small-cap value was the best-performing sector as of April 1, S&P said. Value-oriented mutual funds outperformed growth funds in every cap size. Small-cap value returned 10.4%, while midcap value brought in 9.4%. Large-cap growth returned 4.8% and multicap growth returned 5.6% over the same period.
S&P identified the two small-cap value funds and two midcap value funds that have performed the best so far in 2010.
The American Beacon Small Cap Value Fund returned 11.6% and the Fidelity Small Cap Discovery Fund returned 10.6%. Among midcaps, the Delafield Fund brought in 11.3% and the Van Kampen American Value Fund 9.9%.
Both funds have performed above average compared to their three- and five-year benchmarks.
