Varied returns from North America

Professional Adviser
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Value plays gain as their style returns to the fore while growth stocks pay heavily for backing last year's technology issues

Returns from North American funds have varied greatly over the three years to the end of June, with the top fund outperforming the worst fund by more than 164%. Style differences abound throughout the sector, accounting for many of the disparities in performance. While growth style funds outperformed in 1999 and early 2000, value funds, which missed the dizzying growth of the technology boom, have generally outperformed in 2001, as their style returned to the fore. Over one year to the end of June, less than 12% of North American funds delivered a positive return. The difficulties ...

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