Value stock pickers outperform in US smaller companies sector

US smaller companies funds that performed well over the past three years were generally bottom up stock pickers. Value stocks have been the winners during this period and most of the better-performing funds had a long-term strategy of low exposure to technology and other high beta stocks. The sectors that performed well included energy and financials. Most growth-orientated funds lost out heavily. The Carlson Equity American Small Cap fund was the best performing fund in the US smaller companies sector over three years. According to James Dwinell, managing director and portfolio speci...